The surprising logic behind the use of check cashers and payday loans

Often seen as predatory, the check cashing industry has been booming. Lisa Servon wondered why lower-income people who were struggling would cash checks instead of getting a bank account, so she took a job as a cashier to find out. What she learned -- that it’s often cheaper -- is the subject of her new book, "The Unbanking of America." Economics correspondent Paul Solman reports.

Видео The surprising logic behind the use of check cashers and payday loans канала PBS NewsHour