Enduring Lessons Of World War II, And The Proliferation Of Payday Lending

May 5, 2017

Lisa Servon places the spread of check-cashing businesses and payday lenders squarely at the feet of a dysfunctional mainstream banking and credit system.
Credit Taber Andrew Bain / Flickr - CC

As V-E Day approaches, Pulitzer Prize-winning historian Rick Atkinson discusses the lasting impact and significance of World War II. Then, many consumers remain wary of check-cashing and payday-lending businesses. We speak with a professor of city planning who worked as a check casher in New York City to research the industry and find out why low- and middle-income Americans are using them in increasing numbers.