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Gary Rivlin on the high cost of poverty

Earlier this week, the New York City Council introduced a plan to require some of the nation’s largest banks to disclose their lending practices in low-income communities. In the wake of the housing bust and financial crisis, City Council members want the city to factor in socially responsible programs when determining which banks to do business with.

Journalist Gary Rivlin, author of “Broke, USA; From Pawnshops to Poverty, Inc., How the Working Poor Became Big Business,” joined Jeff Greenfield in the studio to discuss the need for affordable, non-predatory credit in poor communities.

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