USPS OIG: Examining the Road Ahead for Postal Financial Services

Posted on May 21, 2015May 21, 2015 by 21cpw

More than a quarter of households in this country either don’t have a bank account, or have an account but also rely on often expensive alternative financial services like check cashing and payday lending. These underserved households are looking for more affordable options, and the U.S. Postal Service may be able to help. In a…

U.S. Postal Service may get into financial services

Posted on July 16, 2014July 16, 2014 by 21cpw

(July 16, 2014) Neither snow nor rain nor heat nor gloom of night will stop the U.S. Postal Service from … providing non-bank financial services? In a January report, the U.S. Postal Service Office of Inspector General proposed that the USPS offer non-bank financial services to consumers who don’t have access to affordable, mainstream financial…