Tuesday, November 24, 2015

Support postal banking

From the Daily KOS:

Imagine if your local post office also offered check-cashing services and provided small dollar loans.

Sign the petition by Daily Kos and a coalition of allies urging the Postmaster General to make postal banking a reality now.

Nearly 28% of U.S. households (mostly low-income) are underserved by traditional banks, and must rely on for-profit payday lenders, check cashers and other financial predators.

Postal banking is a reality in other developed countries, and was a reality in the United States from 1911-1966. The USPS is a well-trusted public institution with over 30,000 branches that can provide affordable, nonprofit, consumer-driven financial services.

Sign if you agree: We need postal banking now.

Keep fighting,
Paul Hogarth, Daily Kos

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