Banking on Those Who Don't
The Sun (Baltimore, MD), March 13, 2014.
2 Pages Posted: 20 Mar 2014 Last revised: 15 Jul 2014
Date Written: March 13, 2014
Abstract
The U.S. Postal Service is considering adding financial services for those who steer clear of private banks. If you are among America's 68 million people who can't, won't or just don't do business with private banks, the post office wants you.
Recognizing a need for affordable banking services among the nation's lower-income consumers, the U.S. Postal Service also sees a way to bolster its own bottom line by offering financial services.
Keywords: financial services, private banks, U.S. Postal Service, post office, banking services, consumers
JEL Classification: K19, K29, K39, L84
Suggested Citation: Suggested Citation