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USPS Announces 5-Day Delivery

USPMG-Pat Donahoe

USPMG Pat Donahoe

Other countries such as Canada, Sweden and Australia have reduced their Saturday services with a positive impact.

The bold move raised immediate legal questions in Washington as some lawmakers claim that Congressional approval is required.  Earlier attempts to change the current law have been met with objections and delays from Congress driving the USPS to make the change on their own.

Washington’s mandate, imposed solely  on the USPS, to pay over $5 billion a year for health benefits to future retirees remains a central point of contention and a driving factor to make radical change.

The decision to end Saturday delivery may be ultimately blocked by an act of Congress however, the announcement moves postal overhaul legislation to the forefront.  We’ll keep you posted on the latest as it happens.

 

Subprime Lending In Stimulation Mode

bebdata on twitterCredit card and vehicle financing subprime lending is in a stimulation mode.  A recent study showed 25% of risk managers at banks and other financial institutions surveyed expect subprime lending to expand in the next six-months.  About 50% of those predict a rise will surface in auto loans which indicates that the market may be loosening.

2013 Fall & Winter Summit

2013-SummitWe meet twice a year to plan ahead!  We discuss feedback from our valued clients, determine what new products and services we will offer and review ways to improve our service.  Soon we’ll meet in Houston (corporate offices) and plan the Fall & Winter strategy for 2013.  Thank you to all of our excellent clients for sharing your feedback and partnering with us!