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Pawnshop banking grows as banks pull back from the poor
Linda Ballard uses a pawnshop driven banking suite for cashing paychecks balance alerts and a platinum card upgraded in July. Critics warn high rates lack full protections and hinder credit history building, while industry growth taps underserved customers and regulators track nonbank lenders.
MENTIONED IN THIS ARTICLE
Linda Ballard
Robbie Whitten
Money Mizer Pawn and Jewelry
Columbus
Tom Feltner
Consumer Federation of America
Industry Association
Consumer Financial Protection Bureau
Ezcorp