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How the Other Half Banks

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Taber Andrew Bain via CC/Flickr, http://bit.ly/1SVrd1W
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In a new book, legal scholar MehrsaBaradaran argues that America has two systems for personal banking. The rich have personal bank accounts at brick-and-mortar businesses, while the poor either don’t bank at all or rely on payday lenders and check cashers that charge exorbitant rates and fees. The result, Baradaran says, is a sadly ironic situation where “the less money you have, the more you pay to use it.” She joins us Tuesday to explain how we got into this mess, and how we might get out of it.

Mehrsa Baradaran is an Associate Professor at the University of Georgia School of Law. Her new book is called How the Other Half Banks: Exclusion, Exploitation, and the Threat to Democracy [Amazon|Indiebound].

Doug Fabrizio has been reporting for KUER News since 1987, and became News Director in 1993. In 2001, he became host and executive producer of KUER's RadioWest, a one hour conversation/call-in show on KUER 90.1 in Salt Lake City. He has gained a reputation for his thoughtful style. He has interviewed everyone from Isabel Allende to the Dalai Lama, and from Madeleine Albright to Desmond Tutu. His interview skills landed him a spot as a guest host of the national NPR program, "Talk of the Nation." He has won numerous awards for his reporting and for his work with RadioWest and KUED's Utah NOW from such organizations as the Society of Professional Journalists, the Utah Broadcasters Association, the Public Radio News Directors Association and the Academy of Television Arts and Sciences.