CUNA joined other trade association in sending a letter to House leaders urging the adoption of Rep. Patrick McHenry’s (R-N.C.) amendment to the Financial Services and General Government (FSGG) appropriations bill to prohibit the U.S. Postal Service from providing banking services. Joining CUNA in the letter addressed to House Speaker Paul Ryan (R-Wis.) and Minority…
Editorial – April 17, 2015 The U.S. Postal Service’s woes have been mostly out of the spotlight for a while, but they haven’t gone away. The agency’s most recent financial statement shows it is $15 billion in debt and still losing money. It lost $5.5 billion in 2014. Apologists for the service often point to…
Published on Jul 17, 2014 At a July 16 conference hosted by The Pew Charitable Trusts, Congressman Darrell Issa (CA) shares his concerns about the U.S. Postal Service Inspector General report proposing that the USPS offer financial services targeted to consumers without access to mainstream, affordable financial products. Congressman Issa says that, “If our goal…
