Big Banks' Worst Nightmare

From personal experience, I know that when you're outside of the banking system, things get expensive. I would cash a paycheck (for a fee), buy a money order at a supermarket to pay rent (for a fee), put money on a reloadable debit card (for a fee). When you're making every dollar stretch, fees make a big difference. 

rsz_ufepost.png

Every year, alternate financial service providers, like check cashers, reloadable debit cards, and predatory payday or auto-title lenders, take $103 billion per year out of the pockets of people that can least afford itWe should not stand by and let this continue.

Last week, United for a Fair Economy along with 17 other national organizations launched a petition that would ask the US Postal Service to begin offering nonprofit, low-cost banking services to the 67.5 million unbanked people in the US. This could be a game-changer for consumers, and offer a "public option" for banking. Please sign the petition today. 


Showing 1 reaction

Please check your e-mail for a link to activate your account.
  • Rowan Webb
    commented 2016-04-12 03:51:05 -0400
    Most bank services can be automated these days, I don’t see why banks should be angry if they can get more business from an automated process like opening an account!

Boston

184 High St., Suite 603,
Boston, MA 02110
(617) 423-2148

Durham

904 Broad Street
Durham, NC 27705

Created with NationBuilder