![]() | How the Other Half Banks: Exclusion, Exploitation, and the Threat to Democracy Subjects: Banks and banking -- Social aspects -- United States; Financial services industry -- United States; Check cashing services -- United States; Postal savings banks -- United States; 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 Mehrsa : Mehrsa Baradaran is Associate Professor at the University of Georgia School of Law. |
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