Heterodox
New legislation calling on the USPS to begin offering banking services is a dangerous use of government resources. Not just payday lenders that are whining. American Banker — Bank ThinkPostal banking should be a dead letter Rebeca Romero Rainey | President and CEO of Independent Bankers of America
Read More »Bank Think — Postal banking is back on the table. Here’s why that matters
The industry trade journal weighs in.American Banker — Bank ThinkPostal banking is back on the table. Here's why that matters Kevin Wack See also WikipediaPostal savings system Also Postal Savings Bank of China
Read More »Jordan Weissmann — Kirsten Gillibrand Unveils Her Ambitious Plan to Turn the Post Office Into a Bank
Add New York Senator Kirsten Gillibrand to the list of big name Democrats who want the U.S. Postal Service to double as a bank. The potential 2020 contender is rolling out legislation today that would require post offices to offer their customers basic financial services, such as checking and savings accounts and small, short-term loans, that many Americans currently can’t access affordably. While the idea of postal banking has been backed by progressives like Elizabeth Warren of...
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