Millions of Americans have fallen victim to predatory payday loans. Here is how we can break this vicious cycle:https://www.huffingtonpost.com/entry/kirsten-gillibrand-postal-banking-bill_us_5ae07f9fe4b07be4d4c6feae?ncid=engmodushpmg00000004 …
-
-
Payday lending traps compound the financial struggles of many hardworking people who are struggling to get by. It makes it expensive to be poor. A simple short-term $50 loan to pay a utility bill or repair a car could end up costing 400% more to repay in just two weeks!
Show this thread -
The Post Office has 30,000 locations across the country, making this an efficient and elegant solution for the millions of “unbanked” and "underbanked" in communities with no options. This bill will cost taxpayers nothing, and will also strengthen the Post Office's finances.
Show this thread -
And, most importantly, this bill will help many low-income workers begin to save and accumulate wealth, empowering our underserved communities to build financial success for generations.
Show this thread -
The federal government has backed financial institutions directly & indirectly for decades with FDIC insurance, FHA backing, & bailouts. But those “for profit” banks have left too many behind. It's time to close the gap—and this time, no one will get rich on the taxpayers dime.
Show this thread -
This is a simple solution to a problem facing every state in this country. In 2006, payday loans were so bad that Congress had to pass a law to ban them from preying on military service members. We should offer the same protections to everyone with an alternative to endless debt.
Show this thread -
Financial services and payday lender lobbyists will fight this hard, but we need to fight harder. It's simple: we should put people above profit. Join this fight: Make sure your interests are represented in Congress and raise your voice.
Show this thread
End of conversation
New conversation -
-
-
No, it won't, but of course more and bigger Govt is always your answer, is it not? Postal service is a cluster mess already and you want to expand it??????
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
now if we could just get the predatory lender out of our money. it is a crime to allow private credit to circulate on par with usn's. Please consider a bill to remove the fed res since they are a predator on the goods and services offered up in exchange.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Here's why Ohio's state legislators have no interest in an accessible and low cost alternative to payday lending in our state. The Postal Banking Act would take this issue out of Columbus.https://www.mydaytondailynews.com/news/payday-lender-made-international-trips-with-ohio-house-speaker/CpQlqyfDX756nKkYG88LBO/ …
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thank you..studied postal banking. big part of NEW new deal. Time for government to take back from private sector what we do better. Involve twitter followers to design sales pitch. People want to be part of something. "ask not what your country can do for you, but what...."
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.