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Urge the USPS to set up a postal banking system for those who lack access to the commercial banking sytem

Created by J.C. on May 26, 2015

Urge the USPS to set up a postal banking system for those who lack access to the commercial banking system

The USPS historically provided limited banking services. Today, many low-income communities' only access to banking services is through high-fee services provided by pay-day lenders and the like. The USPS Inspector General has concluded that the USPS has the authority to provide limited banking services, which it could provide at a much lower cost to consumers than is being provided by predatory commercial entities. The USPS should provide these services to benefit low-income communities.

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