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 …
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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.
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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.
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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.
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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.
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You know the easiest way to tell if a politician is lying? "This bill will cost taxpayers nothing"

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We want to let the Post Office handle our money because the Post Office is a shining example of well-managed efficiency?
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when people default on their loans , who covers the loss ? The Post Office already bankrupt
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Because the lines aren’t long enough at the post office.
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Is this the same as the government taking over the banking industry?
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It will cost a ton when the default rate is higher than the rounding error interest rates you want to charge.
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Typical politician out of touch with the real world that poorer people live in
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Stupid idea/concept. I've had to use payday loans and it costs no more than a bank. Leave our Post office out of this !!!!
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You are a Statist and deserve to be run out of Congress. The Post Office doing banking, they cant even deliver the mail! Crawl back under your rock
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It can only improve the postal service’s finances by profiting off of the poor.
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