Banking Industry Consolidation Creates Monopolies, Harms Consumers

Andy Spears
4 min readSep 16, 2021

Advocates Offer a Path Forward

One might think that since the financial crisis of 2008, the banking industry has improved practices to both help consumers and prevent another meltdown. Actually, I’m not entirely sure who might think that. Anyone paying attention to the behavior of groups like Wells Fargo and JPMorgan Chase knows that the big banks are going with gusto — taking every opportunity to extract dollars from consumers while building the dominoes that may soon cause another catastrophe. And, why not? After…

Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .