Is pawn lending fringe or mainstream?

pawnFor years, students of pawn lending have described it as an alternative to regular banking or — in the words of economist John Caskey — a form of “fringe” banking. Caskey, for one, is friendly to the pawn business, and even pawn lenders themselves have taken to calling themselves fringe lenders.

Unlike some other fringe groups, the designation is generally positibve.

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