Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Will Post Office Cuts Cost You Credit Card Late Fees?

Tuesday, September 20, 2011 - 11:45 AM
From Moneyland | TIME.com
The cash-strapped United States Postal Service has proposed a number of cost-cutting moves in the face of a $9 billion deficit. Two big ideas suggested by Postmaster General Patrick Donahoe are eliminating Saturday mail delivery and closing 252 mail processing facilities, which would lead to first-class mail taking longer to reach its destination. These ideas are still in the discussion stage, but if they become reality, credit card customers who depend on the mail to receive and pay their bills could be hurt.

Read more...
4
WhataBummerWhataBummer413 posts since
Oct 15, 2010
Rep Points: 1,702
Reply