HomeUploadUpload DirectHotlinkRandomAbouttheme toggle

How Payday Lenders & Check Cashers Help the Poor

Views: 831
Payday lenders and check cashers have never been more popular with consumers. There are more payday lenders in the U.S. than there are McDonald's locations and Starbucks combined. Yet their business practice of charging extremely high fees and interest rates is widely condemned.

------
Subscribe to our YouTube channel: http://youtube.com/reasontv
Like us on Facebook: https://www.facebook.com/Reason.Magazine/
Follow us on Twitter: https://twitter.com/reason
Subscribe to our podcast at iTunes: https://goo.gl/az3a7a

Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines.
-------

Do alternative financial service providers merit their reputation as rip-off artists? Why do their customers choose to remain "unbanked?"

To better understand how these businesses operate and why people choose to patronize them, Lisa Servon took a break from teaching at the University of Pennsylvania to work as a teller in the South Bronx and Oakland. She discovered that traditional banks are neglecting the poor and bilking the middle class, leaving payday lenders and check cashers to fill a crucial need.

Reason's Todd Krainin spoke with Servon about The Unbanking of America: How the New Middle Class Survives, a first-hand account of what may be America's most widely misunderstood industry.

Produced, edited, and hosted by Todd Krainin. Cameras by Meredith Bragg and Josh Swain.
@ReasonVidsfollow
Thumbnail for What HBO's Veep Gets Right About Politics4:39
What HBO's Veep Gets Right About Politics
ReasonVids
919 views
Thumbnail for How to butcher a rabbit1:00
How to butcher a rabbit
bestofvoatxyz
1216 views
Thumbnail for Why the Middle Class is Better Off Than You Think4:58
Why the Middle Class is Better Off Than You Think
ReasonVids
914 views
Thumbnail for Honor Flight Doc Remembers World War II Heroes6:46
Honor Flight Doc Remembers World War II Heroes
ReasonVids
998 views
Thumbnail for Honor Thy Father and Thy Mother: Heather became a committed Christian6:12
Honor Thy Father and Thy Mother: Heather became a committed Christian
AOUisgay
408 views
Thumbnail for Obscenity vs. Freedom of Expression: The John Stagliano Trial7:42
Obscenity vs. Freedom of Expression: The John Stagliano Trial
ReasonVids
1123 views
Thumbnail for Gov't grabs elderly man's home; won't give reason4:11
Gov't grabs elderly man's home; won't give reason
IJvids
869 views
Thumbnail for Dinesh D’Souza - obvious the election was manipulated by an organized political effort to use fraudulently obtained ballots to stuff remote ballot collection boxes in those key precincts.3:25
Dinesh D’Souza - obvious the election was manipulated by an organized political effort to use fraudulently obtained ballots to stuff remote ballot collection boxes in those key precincts.
bestofpoal
828 views
Thumbnail for 80-year-old Dewey Thompson shows us how he makes rocking chairs1:00
80-year-old Dewey Thompson shows us how he makes rocking chairs
bestofupgoat
209 views
Thumbnail for How Cracking Your Neck Can Kill You 😵 | Zack D. Films0:28
How Cracking Your Neck Can Kill You 😵 | Zack D. Films
invidious
153 views
Thumbnail for More Lessons from Camp Politics0:56
More Lessons from Camp Politics
IJvids
831 views
Thumbnail for Blueberry Lemon Croissant Donuts #food | Turkuaz Kitchen1:00
Blueberry Lemon Croissant Donuts #food | Turkuaz Kitchen
invidious
59 views
Thumbnail for Police Play NSA: Warrantless Data Collection the New Normal? Don't Cops Have Better Things to Do?!2:22
Police Play NSA: Warrantless Data Collection the New Normal? Don't Cops Have Better Things to Do?!
ReasonVids
908 views
Thumbnail for Interesting trick0:04
Interesting trick
AOUisgay
442 views
Thumbnail for Trump’s Border Wall Is Destroying Land, Livelihoods, and Butterflies in the Rio Grande10:34
Trump’s Border Wall Is Destroying Land, Livelihoods, and Butterflies in the Rio Grande
ReasonVids
1000 views
Thumbnail for The Simpsons Mr. Sparkle Commercial2:17
The Simpsons Mr. Sparkle Commercial
clips
884 views
Thumbnail for The FDA's New and Improved Cigarette Warning Labels1:57
The FDA's New and Improved Cigarette Warning Labels
ReasonVids
798 views
Thumbnail for Jerome Tuccille: Rand, Rothbard and the LP's Big Moment4:51
Jerome Tuccille: Rand, Rothbard and the LP's Big Moment
ReasonVids
822 views
Thumbnail for Drone Operator Threatened with Jail for Helping Local Businesses Make Maps3:08
Drone Operator Threatened with Jail for Helping Local Businesses Make Maps
IJvids
898 views
Thumbnail for Why You Should Support Reason: Al Sharpton Edition0:31
Why You Should Support Reason: Al Sharpton Edition
ReasonVids
811 views
Thumbnail for Why Elizabeth Warren's Wealth Tax Won't Work5:21
Why Elizabeth Warren's Wealth Tax Won't Work
ReasonVids
1047 views
Thumbnail for Obama, Police, & Criminal Justice Reform. Q&A with Radley Balko16:29
Obama, Police, & Criminal Justice Reform. Q&A with Radley Balko
ReasonVids
897 views
Thumbnail for This is Your Brain on Acid (Seriously)15:21
This is Your Brain on Acid (Seriously)
ReasonVids
885 views

points

Permalink
Reply
libertarian, reason magazine, reason.com, reason.tv, reasontv, unbanking of america, lisa servon
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle