Amna Nawaz
@PBSNewsHour·5.3M subscribers·62.2K videos
Left behind by banks, poor Americans pay more to borrow
Posted
January 7, 2016
Views
2,699
Likes
49
Engagement
1.82%
January 7, 2016
2,699
49
1.82%
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3:35Now PlayingIt’s expensive to be poor. Unable to maintain a minimum balance or provide the necessary ID to open a bank account, many low-income Americans rely on fringe financial services like check cashing stores and payday lenders, which charge interest rates that can reach the triple digits. Hari Sreenivasan learns more from Mehrsa Baradaran, author of "How the Other Half Banks."
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