Sen. Elizabeth Warren Proposes Changing Payday Lenders Aided By The Postoffice

Sen. Elizabeth Warren Proposes Changing Payday Lenders Aided By The Postoffice

This post very first appeared at ThinkProgress.

The Postal Service (USPS) could spare probably the most americans that are economically vulnerable coping with predatory monetary organizations under a proposition endorsed within the week-end by Sen. Elizabeth Warren (D-MA).

“USPS could partner with banks to produce a critical huge difference for an incredible number of People in america whom don’t have basic banking solutions because you can find very little banking institutions or bank branches inside their neighborhoods,” Warren had written in a Huffington Post op-ed on Saturday. The op-ed picked through to a study through the USPS’s Inspector General that proposed using the agency’s extensive real infrastructure to expand rules like debit cards and small-dollar loans into the same communities that the banking industry has generally speaking ignored. Continue reading