Inspector General Proposes Postal Banking

February 5th, 2014
in econ_news, syndication

Econintersect:  Last week the Inspector General of the United States Postal Service released a white paper which outlined the need for basic banking services for the lower income households of the country which are not receiving any banking services today, except possibly some cases of very high interest credit cards.  This portion of the population is subjected to predatory financial practices by shadow banking entities such as payday loan sharks and high fee pre-paid card issuers.

postal-banking-380x170

Follow up:

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Providing Non-Bank Financial Services for the Underserved

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Source: http://www.uspsoig.gov/sites/default/files/document-library-files/2014/rarc-wp-14-007.pdf

 









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