USPS – Alternative to Payday Lending

Dallas Morning News (February, 10 2014)

Is post-office banking an alternative to payday lending?

The U.S. Postal Service has proposed that its offices might also be used for some banking services.

Published: 10 February 2014 08:20 PM

Updated: 13 February 2014 10:16 AM

The public argument regarding payday lending is gradually shifting from a focus on the problem to focus on solutions.

The best answer is for more banks to populate underserved communities and offer more affordable products. But that’s not happening. In fact, 93 percent of the 2,300 bank closures in 2012 were in communities below the national median….click here for the Dallas Morning News Article.