The unbanking of America :
Author
Format:
Books
Physical Description
xix, 250 pages ; 21 cm
Edition
First Mariner Books edition.
Production / Publication Information
Boston : Mariner Books, 2018.
Summary
"An urgent, absorbing exposé--why Americans are fleeing our broken banking system in growing numbers, and how alternatives are rushing in to do what banks once did. What do an undocumented immigrant in the South Bronx, a high-net-worth entrepreneur, and a twenty-something graduate student have in common? All three are victims of our dysfunctional mainstream banking and credit system. Today nearly half of all Americans live from paycheck to paycheck, and income volatility has doubled over the past thirty years. Banks, with their high monthly fees and overdraft charges, are gouging their low- and middle-income customers while serving only the wealthiest Americans. Lisa Servon delivers a stunning indictment of America's banks, together with eye-opening dispatches from inside a range of banking alternatives that have sprung up to fill the void. She works as a teller at RiteCheck, a check-cashing business in the South Bronx, and as a payday lender in Oakland. She looks closely at the workings of a tanda, an informal lending club. And she delivers engaging, hopeful portraits of the entrepreneurs reacting to the unbanking of America by designing systems to creatively serve many of us."--From publisher.
Call Number
332.1 SERVON
Publication Date
2017-2018
Language
English
ISBN
9781328745705
The unbanking of America :
Author
Format:
Books
Physical Description
xix, 250 pages ; 24 cm
Production / Publication Information
Boston : Houghton Mifflin Harcourt, [2017]
Summary
Discusses the problems with American banking and investigates such informal banking alternatives as check-cashing businesses, payday lenders, and lending clubs.
Call Number
332.1 SER
Publication Date
2017
Language
English
ISBN
9780544602311
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