How the Other Half Banks

How the Other Half Banks

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The United States has two separate banking systemsa€”one serving the well-to-do and another exploiting everyone else. Deserted by banks and lacking credit, many people are forced to wander through a Wild West of payday lenders and check-cashing services thanks to the effects of deregulation in the 1970s that continue today, Mehrsa Baradaran shows.Another case brought against Bank of America showed that a€œon December 4, 2007, the Bank sent their customer Mr. Yourke a notice that, as of December 3, ... over the loan, and been easier to reach than Bank of Americaa#39;s customer service.

Title:How the Other Half Banks
Author:Mehrsa Baradaran
Publisher:Harvard University Press - 2015-10-06


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