How the Other Half Banks

Guest: Mehrsa Baradaran, JD, Associate Professor of Contracts and Banking Law at The University of Georgia School of Law  Anywhere between 20 and 40 percent of Americans have to rely on “fringe banks” such as payday lenders, check cashers and pawn shops because the traditional banks are simply not interested in meeting their needs. Mehrsa Baradaran lays out the problem and its causes starkly in her book – and proposes a rather surprising solution involving the mail carrier who drops by your house every day.