Elizabeth Warren • Huffington Post • February 1, 2014
The poor pay more, and that’s one of the reasons people get trapped at the bottom of the economic ladder.
But it doesn’t have to be this way. In the same remarkable report this week, the OIG explored the possibility of the USPS offering basic banking services — bill paying, check cashing, small loans — to its customers. With post offices and postal workers already on the ground, USPS could partner with banks to make a critical difference for millions of Americans who don’t have basic banking services because there are almost no banks or bank branches in their neighborhoods.
Read the entire article here.
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