What If USPS Offered Banking Services? A Proposal for Zero-Cost Economic Stimulus Gains Steam

Posted on July 11, 2014July 11, 2014 by 21cpw

Listen to this segment with Marc Armstrong There was a time in the United States when you could walk into a post office to mail a letter and also do your banking. The Postal Savings System started in 1911 and allowed millions of Americans, many of them new immigrants, to save money. Although postal banking…

U.S. Council of Mayors Endorse Postal Banking

Posted on July 3, 2014July 3, 2014 by 21cpw

(July 2, 2014) DALLAS, TEXAS — At its June 20-23, 2014 annual meeting, the US Conference of Mayors (USCM) adopted a pair of resolutions endorsing postal banking, co-signed by eight mayors from six states. Their goal is to bring $1 trillion of job-creating economic stimulus primarily to low-income neighborhoods, over the next decade, at zero…