O'Reilly logo

Shortchanged by Howard Karger

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

3

He That Goes a-Borrowing Goes a-Sorrowing. –Benjamin Franklin

1America’s Changing Fringe Economy

Driving through low-income neighborhoods, you can’t help but notice the large number of pawnshops, check cashers, rent-to-own stores, payday and tax refund lenders, auto title pawns and buy-here, pay-here used-car lots. We are awash in “alternative financial services” directed at the poor and those with credit problems. These fringe economy services are equivalent to an economic Wild West where just about any financial scheme that’s not patently illegal is tolerated.4

Elise and Bernardo Rodriguez are typical fringe economy customers. The Rodriguezes emigrated from Honduras to San Antonio, Texas, in the middle 1990s. Elise works for a company that ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required