________WOW! A brilliant idea? Read & Make comments, folks! ___... a way to deliver needed amenities to the nearly 68 million Americans—over one-quarter of U.S. households—who have limited or no access to financial services. Instead of banks, these mostly low-income individuals use check-cashing stores, pawnshops, payday lenders, and other unscrupulous financial services providers who gouged their customers to the tune of $89 billion in interest and fees in 2012, according to the IG report. Post offices could deliver the same services at a 90 percent discount, saving the average underserved household over $2,000 a year and still providing the USPS with $8.9 billion in new annual profits, significantly improving its troubled balance sheet. newrepublic/article/116374/postal-service-banking-how-usps-can-save-itself-and-help-poor
Posted on: Sat, 01 Feb 2014 16:29:37 +0000
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