Consumer Financial Protection Bureau (CFPB) chief Richard Cordray presented several new rules for consideration on June 2 that would end the cycle of debt that many low-income consumers find themselves trapped in when they take out payday loans. Read Cordray’s comments to a Missouri audience below, followed by the CFPB press release. Field…
For more background on postal banking from Bernie Sanders, Elizabeth Warren and the American Postal Workers Union, click here. Postal Banking Worked – Let’s Bring it Back by Mehrsa Baradaran, Jan. 7, 2016 at The Nation magazine online. When I moved to Georgia a few years ago, I went to the town water office to get…
The American Postal Workers Union has launched a campaign to begin providing basic banking services at post offices across the U.S., an idea which has been gathering steam for several years. Continue reading below for background reports on the subject and to add your name to a petition to be delivered to the Postmaster General…
