The Office of the Inspector General of the USPS released a white page report in January detailing a plan to offer new non-bank financial products and services in post office branches across the country. The report states that, among other reasons, offering these products and services in post office branches will provide affordable access for many Americans whose only other alternatives are expensive payday lenders and check-cashing services. These underserved Americans commonly live in zip codes where banks have closed branches, often because such branches are unprofitable.
Read More... (USPS as Alternative to Payday Lenders?)
Posted by Patrick T. VanderJeugdt on Mon. June 30, 2014 3:53 PM
Categories: Student Research