Sunday 12 May 2019

unbanked

Previously we’ve explored how the existing infrastructure, network and antecedent of the mail delivery system—not to mention how every other advanced and most emerging economy on Earth already have allowed their national postal systems to provide non-usurious financial services support for convenience and for to the large swaths of the precariat that are otherwise locked out of traditional banks—might supplement and back the savings and bill-paying needs of those who cannot by dent of poor credit or remoteness avail themselves of mainstream branches, so we were quite excited to learn that a bill in the US legislature has two sponsors, both contenders for the presidency, and might have a fighting chance to counter the predatory, self-perpetuating institutions that people in a pinch have had to turn to in the States. Learn more at the link above.