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payday loans abq

Why Banking during the postoffice could possibly be a Better Option Than Payday Loans — and Wall Street

Nyc postoffice. Picture by John Donges.

The U.S. postoffice on Martin Luther King, Jr. Blvd. is a bastion on its Harlem block. Entrenched beside a pawnshop, a cash-for-gold company, and a commercial bank numerous within the community aren't able to utilize, the center is actually a fortress. Detailed with hefty stone walls, metal displays, vaults, ATMs, and armored vehicles, the premises evoke one word: safety. In the event that you’ve followed present news, additionally they recommend an extra term: Bank.

Post workplaces are designed like banks.

And that’s just one single reasons why banking that is postal a hot concept in economic policy debates, is viable. Real and functional structures already occur which could assist USPS provide basic monetary solutions: prepaid debit cards, mobile deals, brand brand new check cashing solutions, cost cost cost savings reports, as well as simple, small-dollar loans.

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