MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop
MURDER, POLITICS, AND THE END OF THE JAZZ AGE by Michael Wolraich Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop |
Let's hope we hear more about utilizing the post office for small savers. This is very doable and should be part of 2016 campaign. This would earn revenue to keep the post office solvent. They do this in other countries.
The inspector general’s office released a report today concluding that expanding the financial services post offices already provide could lessen or even close the post office’s annual deficit, making reductions in mail service unnecessary, while providing essential services to the estimated 68 million Americans who don’t have a bank account or have to use expensive check-cashing and payday lending outfits.
“For millions of underserved families, the Postal Service is already a part of their financial lives,” the report said, noting that post offices sold $21 billion worth of money orders in 2014. Yet, “in order to get the funds to purchase those money orders, many families likely first went to expensive check cashers to convert their paychecks into currency. What if those consumers could instead cash their paychecks at a post office for a lower fee? What if they also could pay bills, buy low-fee prepaid cards, and maybe even get affordable small-dollar loans, all in one convenient location? This could help consumers save money and time, and it would help the Postal Service fulfill its mission to facilitate commerce and serve citizens.”
Comments
I made a comment this week about how low income communities need financial services. Just out side of the gate to my trailer park is a payday loan office. We used to have a bank in that building but is was bought out by a bigger bank then closed. Other banks have moved out of the area also.
The report outlines 5 steps that the post office can do to serve the community. The report is easy to read and very complete in its coverage of the proposal. Democratic party need to run with this an push bills for this.
Here is the link to the PDF file of the report from the Post Master General that just came out.
https://www.uspsoig.gov/sites/default/files/document-library-files/2015/rarc-wp-15-011.pdf
by trkingmomoe on Fri, 05/22/2015 - 1:28am