Will Post Office Cuts Cost You Credit Card Late Fees?

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.

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