USPS OIG: Examining the Road Ahead for Postal Financial Services

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…

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Congressman Darrell Issa Discusses Proposal for Financial Services at the Post Office (video)

Published on Jul 17, 2014 At a July 16 conference hosted by The Pew Charitable Trusts, Congressman Darrell Issa (CA) shares his concerns about the U.S. Postal Service Inspector General report proposing that the USPS offer financial services targeted to consumers without access to mainstream, affordable financial products. Congressman Issa says that, “If our goal…

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U.S. Postal Service may get into financial services

(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…

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