The Soapbox

WahooMatt05

Joined: 08/30/2013 Posts: 26094
Likes: 48256


Intriguing proposal from Kirsten Gillibrand, turn Post Offices into banks


This would help people get payday loans at great rates, eliminating the need for the legalized loan shark business that is payday lending. It also has the added benefit of raising money for the post office which, as we've all been made aware recently, is losing money.

On the surface, it seems like a good idea. I'd be curious to see the fine print on this, but at first glance it seems solid. I also like that Democrats are coming up with creative solutions to solving problems as opposed to simply claiming the payday lending industry is unfair.

Link: https://www.huffingtonpost.com/entry/kirsten-gillibrand-postal-banking-bill_us_5


Posted: 04/25/2018 at 1:17PM



+0

Insert a Link

Enter the title of the link here:


Enter the full web address of the link here -- include the "http://" part:


Current Thread:
  Great idea, but not new. First established in 1910. -- DanTheFan 04/25/2018 3:58PM
  Good spot for Obama-Phone distribution as well :>) ** -- Tuckahokie 04/25/2018 2:50PM
  That ... doesn't sound like a good idea -- Beerman 04/25/2018 1:55PM
  Bad business model -- Stimp 04/25/2018 1:42PM
  Payday lending is designed for high risk borrowers though. -- hoolstoptheheels 04/25/2018 2:20PM
  Yeah, I'm sure that's true. ** -- hoolstoptheheels 04/25/2018 2:48PM
  No -- Stimp 04/25/2018 2:40PM
  Ahh. And it's up to the borrower to pay? Nevermind. ** -- hoolstoptheheels 04/25/2018 2:47PM
  Something for poor people only? ** -- Charleston Cav 04/25/2018 1:31PM
  Not sure. Possibly anyone needing less than $1k. -- WahooMatt05 04/25/2018 1:45PM

Notice: Trying to get property 'queue' of non-object in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781

Warning: Invalid argument supplied for foreach() in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781
vm307