Low income families often end up going to check cashing outlets rather than banks. For the last 5 years or so, check cashers and payday loan companies have played the role of villain in news stories. They were the bad guys for charging ridiculously high interest rates and for ripping off the poor. But in a recent story in the New York Times Magazine check cashing tycoon Tom Nix appeared in the role of hero rather than villain.
Douglas McGray, a fellow at the
New America Foundation wrote the story and KALW's Nathanael Johnson asked him how a check casher could be one of the good guys.
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