The drastic economic reforms required to repay the debts caused tremendous cost of living increases and associated suffering, especially among poor people. The nation's12 largest banks hold most of the debt. Some banks like Bank of America and J.P.Morgan adopted progressive approaches and helped to reduce the debt burden. Find out who owns the bank. By supporting banks run by women and people of color, you can promote equal opportunity and diversity.
Credit unions are member-owned and democratically managed and controlled.
They allow people and communities to invest in each other. Credit union services now include credit cards and mortgages.