The Unbanking of America - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Unbanking of America write by Lisa Servon. This book was released on 2017-01-10. The Unbanking of America available in PDF, EPUB and Kindle. Why Americans are fleeing our broken banking system: “Startling and absorbing…Required reading for fans of muckraking authors like Barbara Ehrenreich.”—Publishers Weekly (starred review) What do an undocumented immigrant in the South Bronx, a high-net-worth entrepreneur, and a twentysomething graduate student have in common? All three are victims of our dysfunctional mainstream bank and credit system. 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 lower- 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 those outside the one percent. “Valuable evidence on the fragility of the personal economies of most Americans these days.”—Kirkus Reviews “An intelligent plea for financial justice…[An] excellent book.”—The Christian Science Monitor
How the Other Half Banks
How the Other Half Banks - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook How the Other Half Banks write by Mehrsa Baradaran. This book was released on 2015-10-06. How the Other Half Banks available in PDF, EPUB and Kindle. The United States has two separate banking systems today—one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessities—all thanks to deregulation that began in the 1970s and continues decades later. “Baradaran argues persuasively that the banking industry, fattened on public subsidies (including too-big-to-fail bailouts), owes low-income families a better deal...How the Other Half Banks is well researched and clearly written...The bankers who fully understand the system are heavily invested in it. Books like this are written for the rest of us.” —Nancy Folbre, New York Times Book Review “How the Other Half Banks tells an important story, one in which we have allowed the profit motives of banks to trump the public interest.” —Lisa J. Servon, American Prospect
The Cost of Payday Loans
The Cost of Payday Loans - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Cost of Payday Loans write by . This book was released on 2006. The Cost of Payday Loans available in PDF, EPUB and Kindle.
The Cost of Payday Loans
The Cost of Payday Loans - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Cost of Payday Loans write by Financial Consumer Agency of Canada. This book was released on 2012. The Cost of Payday Loans available in PDF, EPUB and Kindle.
The Real Cost of Payday Lending
The Real Cost of Payday Lending - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Real Cost of Payday Lending write by . This book was released on 2014. The Real Cost of Payday Lending available in PDF, EPUB and Kindle. Since the early 1990s payday lending businesses have become increasingly prolific in most parts of Canada, including Calgary. The payday loan industry claims that they provide a needed service at a reasonable cost and do not target those living on low incomes or push customers for repeat business. Social agencies and advocates working to reduce poverty view payday lenders and other fringe financial businesses as problematic for those looking to exit the cycle of poverty. Payday lenders charge interest rates that, when annualized, top 400%. The industry justifies this by stating that comparisons to an annual rate are unfair as loans are not meant to or allowed to last longer than two months. However, the fact remains that these businesses charge far more for credit than mainstream financial institutions and are more prevalent in lower income neighbourhoods.
