Let’s Stamp Out Payday Lending
United for a Fair Economy, Let’s Stamp Out Payday Lending, May 21, 2015
Today the Office of the Inspector General for the Post Office is releasing their recommendations and opinions on Postal Banking and AFS as a follow up to their paper in 2014. We are excited to read the report, and to be a part of the conversation on how the Post Office can be a positive vehicle for enveloping the unbanked into the financial system.
This year’s State of the Dream Report, Underbanked and Overcharged, found that people of color and the working poor are being taken advantage of to the tune of $103 Billion per year. That report can be found here.
At United for a Fair Economy, we think this is a unique opportunity to engage in a conversation about the vision for what a Fair Economy is, and how a return to Postal Banking could be a positive step toward that vision we all share.
Please join us, and the rest of the Campaign for Postal Banking to push for a bold solution to this serious problem. Let’s create a system that works for all, no matter what your account balance is.