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Mauritian President Ameenah Gurib-Fakim, Africa’s only female head of state, is to quit over a financial row. She has been accused of using a bank card provided by a charity to make personal purchases worth tens of thousands of dollars.

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Instead, the lobbyists are helping to write it themselves. One bill that sailed through the House Financial Services Committee this month — over the objections of the Treasury Department — was essentially Citigroup’s, according to e.

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Only about 5% of employed middle-class Americans are without bank accounts, but more than 20% use financial services outside the banking system — typically for reasons of convenience. It’s one thing, of course, for relatively affluent.

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