Mehrsa Baradaran
Expertise:
Banking law, contracts, property, housing, inequality
Background:
Mehrsa Baradaran is a professor of law at UC Irvine Law.
Previously, she was the Robert Cotten Alston Chair in Corporate Law at the University of Georgia School of Law and the Robert Braucher Visiting Professor of Law at Harvard School of Law.
Baradaran writes about banking law, financial inclusion, inequality, and the racial wealth gap. Her scholarship includes the books The Quiet Coup: Neoliberalism and the Looting of America (Liveright/Norton Press 2024),The Color of Money: Black Banks and the Racial Wealth Gap (Belknap/Harvard University Press 2017), and How the Other Half Banks: Exclusion, Exploitation, and the Threat to Democracy (Harvard University Press 2015). The Color of Money: Black Banks and the Racial Wealth Gap was awarded the Best Book of the Year by the Urban Affairs Association, the PROSE Award Honorable Mention in the Business, Finance & Management category. Baradaran was also selected as a finalist at the 2018 Georgia Author of the Year Awards for the book in the category of history/biography.
Baradaran has also published articles including “Jim Crow Credit” in the Irvine Law Review, “Regulation by Hypothetical” in the Vanderbilt Law Review, “It’s Time for Postal Banking” in the Harvard Law Review Forum, “Banking and the Social Contract” in the Notre Dame Law Review, “How the Poor Got Cut Out of Banking” in the Emory Law Journal, “Reconsidering the Separation of Banking and Commerce” in the George Washington Law Review and “The ILC and the Reconstruction of U.S. Banking” in the SMU Law Review. Of note, her article “The New Deal with Black America” was selected for presentation at the 2017 Stanford/Harvard/Yale Junior Faculty Forum.
Baradaran and her books have received significant national and international media coverage and have been featured in the New York Times, the Atlantic, Slate, American Banker, the Wall Street Journal and Financial Times; on National Public Radio’s “Marketplace,” C-SPAN’s “Washington Journal” and Public Broadcasting Service’s “NewsHour;” and as part of TEDxUGA. The LA Times selected Baradaran in its list of top 100 Influential people . She has advised U.S. Senators and Congressmen on policy, testified before the U.S. Congress, and spoken at national and international forums like the U.S. Treasury and the World Bank. Baradaran was selected to serve on two Presidential Transition teams covering the US Treasury, Federal Reserve, and various banking agencies.
She earned her bachelor’s degree cum laude from Brigham Young University and her law degree from NYU, where she served as a member of the New York University Law Review.
(Log in to view full course descriptions in the UCI Law Course Catalog)
- The Color of Money: Black Banks and the Racial Wealth Gap (Harvard Press) (2019)
- How the Other Half Banks: Exclusion, Exploitation and the Threat to Democracy (Harvard Press) (2015)
- Rethinking Financial Inclusion: Designing an Equitable System with Public Policy, Roosevelt Institute (2020)
- Banking on Democracy, 98 Washington University Law Review 353 (2020)
- Closing the Racial Wealth Gap, NYU Law Review (2020)
- Credit, Morality, and the Small-Dollar Loan, Harvard Civil Rights-Civil Liberties Law Review (2020)
- The Twenty First Century Homestead Act, The New Democracy Initiative, Roosevelt Institute (2019)
- Jim Crow Credit, 9 UC Irvine. L. Rev. 887 (2019)
- The New Deal and Black Banking Chapter
--Selected for the 2017 Stanford/Harvard/Yale Junior Faculty Forum - Regulation by Hypothetical, 67 Vand. L. Rev. 1247-1326 (2014)
--reprinted in the Corporate Practice Commentator and selected as the “10 Best Corporate and Securities Articles of the Year” - It’s Time for Postal Banking, 127 Harv. L. Rev. F. 165 (2014)
- Banking and the Social Contract, 89 Notre Dame L. Rev. 1283 (2014)
- How the Poor Got Cut out of Banking, 62 Emory L.J. 483 (2013)
- Reconsidering the Separation of Banking and Commerce, 80 Geo. Wash. L. Rev. 385 (2012)
--Selected for 2011 C-LEAF Junior Faculty Scholarship FellowshipThe ILC and the Reconstruction of U.S. Banking, 62 SMU L. Rev. 1143 (2010)
- Feb. 10, 2022:
Featured Speaker, How the Tax System Impoverishes Black Americans – And How We Can Fix It, JFK Jr. Forum, Harvard Kennedy School, Online - Jan. 28, 2022:
Featured Speaker, The Color of Money: How Journalists Can Improve Their Coverage of the Racial Wealth Gap, Arthur L. Carter Journalism Institute, NYU, Online - Oct. 20, 2021:
Panelist, Racism and the Economy: Focus on the Wealth Divide, Racism and the Economy, District Banks of the U.S. Federal Reserve System, Online - Nov. 2020
Panelist, What’s Next? The State of the American Economy, L.A. Times Festival of Books, Online - Oct. 2020
Speaker, “Reflecting on the 1619 Project in 2020: The Long Legacy of Slavery and the Current State of Race, UCI Humanities Center, Online - Sept. 2020
Panelist, “Race Matters,” Teach-In on Racial Justice and the Law, Cincinnati Law, Online - June 2020
Testified before U.S. House Committee on Financial Services Virtual Hearing on Inclusive Banking During a Pandemic - July 2019
Presenter, The Color of Money, Economic Policy Institute, Washington, DC - April 2019
Testified before U.S. House of Representatives Subcommittee on Consumer Protection and Financial Institutions, Washington, DC - December 2018
Keynote Speaker, Money as a Democratic Medium conference, Harvard Law, Cambridge, MA
- Democracy Journal: Markets and the Law (Book Review)
- Prof. Mehrsa Baradaran Recognized in the Los Angeles Times as part of its L.A. Influential, Civic Center Feature
- Los Angeles Times: Mehrsa Baradaran: Translator of dollars and sense
- Faculty Roundup: The latest highlights from UCI Law’s faculty (May 2024)
- Houston Public Media: America’s Legalized Corruption with Legal Scholar Mehrsa Baradaran
- Black Enterprise: How Redlining and Banking Impact Generational Wealth
- Bloomberg Law: Banks Face Fresh Anti-Redlining Rules From Top US Watchdogs
- MarketWatch: The best of the best new ideas in money
- BBN Bloomberg: With ‘Everybody Else’ Dead or Gone, One California Bank Thrives
- U.S. Supreme Court Justice Ketanji Brown Jackson Cites UCI Law Professor Mehrsa Baradaran’s Book 15 Times in Dissent on Affirmative Action Case
- Just Money conference at Harvard Law School, panel “Money and Empire: Past, Present, and the Future of the Dollar System”
- New York Magazine: Affirmative Action Never Had a Chance
- The Wall Street Journal: How the Supreme Court, Like the Fed, Reshapes Your Finances
- New York Times Magazine: The High Cost of Bad Credit
- Marketplace: How will banking change amid wreckage of SVB, First Republic?
- Marketplace: Smaller banks keep a close watch over their liquidity
- Yahoo News: Bank collapse hits home for Black-owned banks as Republicans blame ‘woke’ culture
- Vox: How crypto failed Black investors
- C-Span: Senate Hearing on Virtual Currencies and Online Marketplaces
- The New York Times: "Where $30 Billion to Fix Systemic Racism Actually Goes"
- Bloomberg Law: Prof. Baradaran quoted in Bloomberg Law on inclusion goals in fintech
- Marketplace: Prof. Baradaran quoted in Marketplace on how people of color and low-income people are likely to be unbanked or underbanked
- Crooked: Stuck with Damon Young: LISTEN: Prof. Baradaran discusses racial wealth gap and poverty heightens sense of money
- The American Prospect: Prof. Baradaran comments on the profit financial institutions receive in overdraft fees
- Smart Cities Dive: Prof. Baradaran is quoted on the origins of the racial wealth gap
- New York Times: Prof. Baradaran comments on a U.S. central bank currency issued by the Treasury Department
- The American Prospect: Prof. Baradaran comments on the new reform bill reinforcing authority for postal banking
- Vox: Prof. Baradaran comments on banking fees associated with payment systems and services
- CNBC: Prof. Baradaran comments on less than 1% of all FDIC insured banks are Black-owned
- KQED: Prof. Baradaran highlighted for testifying before California's reparations task force
- Harvard Kennedy School’s Institute of Politics: WATCH: Prof. Baradaran participates in the discussion “How the Tax System Impoverishes Black Americans – and How We Can Fix It” hosted by Harvard Kennedy School’s Institute of Politics
- CreditCards.com: Prof. Baradaran’s book “The Color of Money” highlighted for analysis on the racial wealth gap
- MarketWatch's Best New Ideas in Money: LISTEN: Prof. Baradaran discusses how postal banking could help provide services to unbanked and underbanked communities
- ProPublica: Prof. Baradaran quoted on Black-owned banks and her book “The Color of Money”
- Matter of Fact Listening Tour: WATCH: Prof. Baradaran discusses the impact of redlining and banking policy on the racial wealth gap