Expanding financial services is available route for the Postal Service, report says

Washington Post:

Are prepaid debit cards and small-dollar loans the answer to the financial woes at the U.S. Postal Service? Maybe, according to the agency’s watchdog.

The Postal Service inspector general issued a report Monday recommending that the agency expand its financial services to meet the needs of underserved communities. Researchers estimate that the agency could earn $8.9 billion in annual revenue if it captured 10 percent of the interest and fees generated by the 68 million Americans on the fringes of the banking system.  Read more.

Via The Washington Post