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Are Banks Too Expensive?

New-York-Times-Social-LogoIT was a slow afternoon at Check Center, the check casher/payday lender in a storefront on a busy corner in downtown Berkeley, Calif., where I worked as a teller. My manager, Joe, and I were both dressed in red polo shirts embroidered with the Check Center logo. Joe took advantage of the lull to tell me how to sell prepaid cards — reloadable cash cards that operate like debit cards but aren’t linked to a bank account — to customers.’

by: Lisa Servon


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