its people who are unbanked or for whatever reason are not banking at a credit union or a traditionalhose who don't have much income, they're getting hit by fees too. >> suze orman said something else very striking to me. they say if we can teach you how to use our cards responsibly, then we can minimize the fees. well, as much effort as goes into the effort to teaching how to minimize the use of the card and the fees, we can also teach individuals for free, again, we're not going to get paid this route by using the credit cards. >> i don't want it to dwell on suze orman's card. in terms of establishing a credit history, you know, and let's roll the sound bite from suze orman. she says she's entering a space -- she's trying to change things, work with one of the credit agencies to allow these to help you build a credit history. let's listen. >> the intention of this card is to change credit scoring in the united states of america. the intention behind this card is to give people the least cost-effective way for them to be able to pay online, to be able to have a card to access things

whether they are banked, have bank accounts or unbanked. there are also a variety of products that are offered. includes pawn brokers, includes car title loans. there are lots of different products. some of which have some real advantages. some of which have some real disadvantages. one of the things we're going to be trying to do is assess those products and make judgments about whether they're in compliance with the law or not. but we also would like to see robust competition in this realm. small dollar loans are needed by people, in a different era and maybe in some places still now they would go to loan sharks. it was dangerous as well as being difficult. nobody wants that. we want to have products be available. we want them to be products that help consumers and not harm consumers. there is a lot of thinking that some of the banking products may be able to be offered on more favorable terms because there may be less risk dealing with their own known customers but we'll see over time how that develops. >> do you have a time frame? >> i

starting with those he called the unbanks. >> you think about carrying cash the safety issues, wire transfers, check cashing fees, i believe that this is kind of tide that raises all ships. if you give people real access to commerce, make them part of the banking system, give them simple tools, really good things will happen. >> reporter: what about bad things like money laundering. he points out his business is regulated by the same agencies that regulate banks from homeland security to fdic insurance. >> my grandmother is in mexico. so it's in spanish and english. >> begins with retailers and atms in the u.s. they are building a social network that want to share currency. >>> he says he was writing to temptation but delivered himself from evil. they found a tattered briefcase on a florida highway. hundreds of hundred dollar bills. $8,000 worth. he didn't deny with what to do. >> it was going through my head, what are the legal ramifications to keep this? my moral obligation and integrity says you are going to have to return it. >> turns out the money belonged to someone who put the briefcas

not just about a cashless world it is about changing the world, starting with those he calls the unbanked >> when you think about issues around cashing cash, safety, wire transfers, check cashing fees, very high. i believe this is kind of the tide that raises all ships. if you give people real access to commerce, make them part of the banking system, give them simple tools via phone, they are already carrying good things will happen. >> reporter: what about bad things like money laundering? his business is regulated by the same agencies that regulate banks. >> my grandmother is in mexico. the text messages are spanish and in english for u.s. customers like myself. >> reporter: beginning with tens of thousands of retailers and atm's in the u.s., mexico and haiti they are building a social network for those who want to share currency. with the next step in money, richard hart, abc7 news. >>> record quarter billion dollars on super bowl ads this year. one of the biggest mysteries is what will be in the ferris buhler commercial? >> how can i handle work on a day like today? >> classic. someth

field hearing, about short-term credit availability for people, whether they have bank accounts or unbanked. there are also a variety of products that are offered. it includes pawn brokers, car title loans. some have advantages and some of which have disadvantages. what we are trying to do is assess those products and make judgments about whether they are in compliance with the law or not. we will like to see a robust competition in this realm. small dollar loans are needed by people. in a different era and maybe in some places still now they would go to loan sharks. it was dangerous as well as being difficult. nobody wants that. we will want to have products be available. we want them to be products that help consumers and not harm consumers. there is thinking that some of the banking products may be offered on more favorable terms because there may be less risk when they're dealing with their own known customers but we're -- we will see over time how that develops. >> do you have a time frame? >> i do not. >> ok. i do not. >> one other question. one practice i'm concerned about is the man

we provide the steppingstones that go from unbanked, underbanked, paying my bills with cash, slowly walking with them along their journey so now they have a checking account. maybe they have online banking. so you can get there but it needs to be a barrage wall process. >> it's not an easy sell. >> it isn't. and what we have learned at the branch listening to their stories is look, it's not necessarily intuitive or straightforward to go from handling cash only. right? if you have a debit card, maybe you know and maybe you don't and there is holds you have to take into account and that requires somebody to hold your hand a little bit, explain the process and here is what happens on the back end. here is how it works. here is what you want to watch out for. is that helpful hand to say that we understand it's not easy to go from the cash based world to the debit card based world but we're here to help you make that transition. >> we invited her here to the show because we know they are doing great and important work and it's something that our community needs to know more about. do you fore sh