About the Roosevelt Institute The Roosevelt Institute is a think tank, a student network, and the nonprofit partner to the Franklin D. [...] Focusing on corporate and public power, labor and wages, and the economics of race and gender inequality, the Roosevelt Institute unifies experts, invests in young leaders, and advances progressive policies that bring the legacy of Franklin and Eleanor Roosevelt into the 21st century. [...] For much of US history, banks catered only to the needs of businesses and the wealthy, but other financial institutions organized to serve the needs of the working class. [...] One of the primary reasons un- and underbanked households cite for being unable to patronize traditional financial institutions is the financial burden of accessing bank products—due to things like the prevalence and unpredictability of overdraft fees, minimum balance requirements, and ATM fees (Kutzbach et al. [...] And, because NSF and overdraft fees are a result of the same thing—low balances—many of the households that are subject to one kind of fee are subject to the other as well.
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