Web News Article #: 201-2015
10/22/2015 – Presidential candidate Sen. Bernie Sanders (I-VT) made a strong case for postal banking while appearing on the Jimmy Kimmel Live show on Oct. 21. [Watch an excerpt here, beginning at approximately 18:00.]
âWe have millions and millions of low-income people who have to go to these payday lenders and pay outrageous interest rates,â he said. âTheyâre getting ripped off right and left.â
âWe can have our Postal Service provide modest banking to low-income people where they can cash their checks and they can do banking. I think it will help the post office and it will help millions of low-income people.â
APWU President Mark Dimondstein followed up on Sandersâ point in an interview on the Ed Schultz Show the following morning [beginning at approximately 16:58]. âItâs another way that the Postal Service can fulfill its mission of weaving the people of the country as one,â he said.
Dimondstein noted that postal banking is âjust an expansion of things we already do,â and pointed out that âover 30 percent of zip codes have no banks, but they have a post office. Itâs a win-win-win.â
Source: Bernie Sanders Touts Postal Banking on Jimmy Kimmel | APWU