Monday, June 26, 2017

MAKING SEN$E - Payday Loans

"The surprising logic behind the use of check cashers and payday loans" PBS NewsHour 6/22/2017


SUMMARY:  Often seen as predatory, the check cashing industry has been booming.  Lisa Servon wondered why lower-income people who were struggling would cash checks instead of getting a bank account, so she took a job as a cashier to find out.  What she learned -- that it’s often cheaper -- is the subject of her new book, "The Unbanking of America."  Economics correspondent Paul Solman reports.

No comments: