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Post Office Floats Idea of Offering Financial Services; Banks Hate Idea
If you can remember when you could open a savings account at your local post office, you’re on Social Security. Yes, the postal savings plan was dropped in 1967 and I’m guessing the culprit that killed this convenient idea was the bank and S&L lobby. NPR reported on Friday, Feb. 7, 2014 that the post office — you know, those guys who never are late delivering our monthly electricity, cable TV and other bills — could rack up billions by offering money services...Read More
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