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).
вЂњUSPS could partner with banks to produce a critical huge difference for an incredible number of People in america whom donвЂ™t have basic banking solutions because you can find very little banking institutions or bank branches inside their neighborhoods,вЂќ Warren had written in a Huffington Post op-ed on Saturday. The op-ed picked through to a study through the USPSвЂ™s Inspector General that proposed using the agencyвЂ™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