Lisa Servon Elucidates Modern Consumer Finance In "The Unbanking Of America"

When it comes to getting cash to make ends meet, many Americans don’t take their business to the local bank. Instead, they rely on alternative financial systems such as check cashing stores and payday lenders. Despite high interest rates and sometimes exorbitant fees, these services fill a vital need for those living paycheck to paycheck, and who, for a variety of reasons, distrust banks.