Reviewed by dpfaef on
Servon in researching the writing this book actually worked for several of these companies, she was able to learn first hand how and why people use these entities. I can see that bank could be a hindrance to accessing your money, if you live paycheck to paycheck. Basically the author says the check cashing and payday loan companies really serve the emerging middle class better that banks as they are very straight forward in the fees they charge, they offer immediate access to one's money, they will lend money that people may not otherwise have access too.
The book is about is a quick read, well worth the time.
Reading updates
- Started reading
- 17 February, 2017: Finished reading
- 17 February, 2017: Reviewed