WARREN VS. ISSA, NO CONTEST ( theres no doubt hes in FAVOR of PREDATORY LENDING Round 4: Nowhere does any proponent claim postal banking will be “highly” profitable. However, demand for payday loans and other financial services is so high, even a modest profit would contribute substantially to the Postal Service’s profitable bottom line, thanks to high volume. The OIG report offers this price comparison: a typical $375 short term loan from a payday predator costs an average of $520 in exorbitant fees and interest. The USPS could charge just $48 for the same loan — at a profit. ROUND 5: She really smacks him down (in such an intellectually, polite manner) =D
Posted on: Mon, 05 Jan 2015 05:04:55 +0000
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