With the continuing chatter about payday predatory lenders including the revelation in today's El Paso Times that gubernatorial candidate received more campaign cash from them than previously stated, please take a look at blog post on Huffington Post that I shared already on Facebook. Consumer rights advocate, Sen. Elizabeth Warren, seconds an idea that the U.S. Postal Service offer some of the services payday lenders offer to people without bank accounts. Read her post HERE.
The idea came from the Office of Inspector General and you can read it HERE.
It's a good idea although probably doomed by the fact that the multi-million dollar lobby of the payday industry will purchase enough Congresspersons and Senators to oppose it. But one can hope.
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