Progressive tests driver-location monitoring

Many insurance companies have programs in which they monitor policyholders’ driving in return for potential discounts, but Progressive is the first major one to test tracking of location as well, the Chicago Tribune recently reported.

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Video: Financial services at U.S. post office discussed w/ Bill Moller

I recently wrote about how the U.S. Postal Service is considering adding new financial products, including its own reloadable prepaid card and small loans, as a way to generate traffic and revenues as mail volumes decline, according to a report from the agency’s inspector general. It would mean competition for the payday loan industry. Bill Moller recently had me on his TV show to discuss the topic.

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Post office considering financial services

As if lines at the post office weren’t already slow:

The U.S. Postal Service is considering adding new financial products, including its own reloadable prepaid card and small loans, as a way to generate traffic and revenues as mail volumes decline, according to a report from the agency’s inspector general. It would mean competition for the payday loan industry.

What do you think of the post office adding financial services?ImagePaul J. Richards / AFP / Getty Images

Cat saved by Fifth Third Bank “doing great”

Update for animal lovers: I just received a Christmas card from the woman who in 2012 adopted Boots, the cat saved by Fifth Third Bank:

“Boots is doing great. She is happy and healthy. She loves spending cold nights on the rug in front of the sun room’s gas stove. She loves my dog. She is a pure joy in my life. I feel as though I’ve known her since she was born.”

Boots the cat with the woman who adopted her in 2012

Boots the cat with the woman who adopted her in 2012