By Common Consent may seem like an odd place to review Mehrsa Baradaran‘s excellent How the Other Half Banks: Exclusion, Exploitation, and the Threat to Democracy (Harvard University Press, 2015) [Amazon]. Although Professor Baradaran is Mormon, the book has little explicitly Mormon content (I mean, it does mention a couple of Sen. Wallace Bennett’s interactions with the regulation of banks, but that’s as close as I remember it getting).
That said, as Mormons, we’ve been encouraged to become informed and involved in our communities. And understanding banking, especially as it relates to the poor, is, if not absolutely essential to that charge, at least tremendously important. [Read more…]