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Report: Postal Service should offer financial services
Federal Times: The Postal Service should offer financial services, such as prepaid cards and check-cashing services to broaden its reach to millions of under-served Americans, according to a new report.
The Jan. 27 Postal Service Inspector General report said 68 million adults spent about $89 billion on interest and fees for such financial services in 2012, giving the Postal Service an opening to provide the same services at lower rates and make billions of dollars a year in new revenue.
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