Econintersect: A growing number of Americans, now about 70 million, are not served by the financial system they way the rest of us are. They deal in the shadowy system of check cashing services, payday loans and similar pseudo banking services. The cost to these underserved totals about $89 billion a year which comes from charges and fees for services that are free for the rest of us. We are indebted to Larry Doyle (Sense on Cents) for pointing us to this documentary.
Leave a Reply