non-banking

Nov 9th

USPS OIG seeking supplier to provide strategies for expanding postal banking services

Earlier this year the USPS  Office of Inspector General released a white paper which explored how USPS could “offer a suite of non-bank financial services to help the financially underserved gain more financial stability and stay connected to the emerging digital economy”. The paper examined how the “Postal Service could partner with banks and other […]

Jan 27th

OIG: USPS could offer Non-Bank Financial Services for the Underserved

More than a quarter of Americans live partially or completely without access to mainstream financial services and are often forced to rely on costly services like payday loans or check cashing to cover their everyday expenses. These households spent $89 billion in 2012 just on fees and interest – an average of almost 10 percent […]