BankACT

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

by

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 … Read more

U.S. Council of Mayors Endorse Postal Banking

by

(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 … Read more