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Lisa Servon’s Followers (4)
Lisa Servon
* Note: these are all the books on Goodreads for this author. To add more, click here.
“nearly 11 percent of consumers between the ages of eighteen and twenty-five have more than ten overdrafts per year. No”
― The Unbanking Of America: How the New Middle Class Survives
― The Unbanking Of America: How the New Middle Class Survives
“Coleman has written an essay called “Let Them Have Bank Accounts,” in which he questions the fixed notion that the answer to poor people’s financial problems is to get them all to open bank accounts. “This assumption fails to frame the problem from the bottom up rather than the top down,” Coleman says. “It’s like providing pots and pans as the solution to hunger.”
― The Unbanking Of America: How the New Middle Class Survives
― The Unbanking Of America: How the New Middle Class Survives
“Historically, banks made their money by borrowing and lending, which generated interest income. But events like the savings and loan crisis in the late 1980s and early 1990s, when so many banks failed, illustrated how disastrous that model could be. In order to make banks less vulnerable to volatile interest rates, bank examiners encouraged them to find other ways to make a profit. That’s when banks discovered fees—the fees that anger and frustrate nearly everyone I’ve spoken with.”
― The Unbanking Of America: How the New Middle Class Survives
― The Unbanking Of America: How the New Middle Class Survives
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