Senator Elizabeth Warren Discusses Proposal for Financial Services at the Post Office (video)

Posted on July 17, 2014July 17, 2014 by 21cpw

Published on Jul 17, 2014 At a July 16 conference hosted by The Pew Charitable Trusts, Senator Elizabeth Warren (MA) shares her support for 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. Senator Warren says that, “It’s not unusual…

Why the Postal Service Should Offer Banking Services

Posted on July 7, 2014July 7, 2014 by 21cpw

Many families do not have access to traditional banks, and postal offices could help fill the gap. (July 7, 2014) More than a quarter of all American households – about 68 million people – rely at least in part on nonbank financial services like check cashing or payday lending. These unbanked and underbanked households pay…