Senator Gillibrand Announces Postal Banking Legislation

Press Release – April 25, 2018 Gillibrand Announces Major New Legislation To Create A Postal Bank To Wipe Out Predatory Payday Lending Industry Practices, Ensure All Americans Have Access To Basic Banking Services Traditional Banks Do Not Serve Millions of Americans, Particularly Low-Income Americans, Communities of Color, and Rural Communities, Forcing Them to Use High-Cost…

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APWU: Is Check-Cashing Coming to a Post Office Near You?

OIG Report Paints Bright Future for Postal Banking Web News Article #: 110-2015 05/21/2015 – A report by the USPS Office of Inspector General (OIG) released May 21 outlines the next steps for implementing postal banking, in which post offices would offer basic financial services – providing affordable banking transactions to every zip code in…

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Commonomics USA to Present Free Discussion Series on Postal Banking

Commonomics USA to host bi-monthly “Friends of Postal Banking” conference call series; noted economist Dean Baker to headline first event; free to all interested people. Commonomics USA (formerly BankACT), a leading voice for postal banking since USPS inspector general Dave Williams first proposed it in January 2014, will host a series of conference calls featuring…

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Americans spend $103 billion a year on predatory lenders. Postal banking could change that.

Nearly 17 million American adults live in households where no one has a checking account; more than 50 million more have a checking account, but also have to rely on things like payday lenders and check cashing stores, according to a new report from United for a Fair Economy. These numbers include more than half…

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USPS OIG Solicitation: Strategies for Expanding Postal Financial Services

Solicitation Number: 6HQOIG-15-A-0009 Agency: United States Postal Service Office: Supplies and Services Purchasing Location: OIG Posted Date: November 4, 2014 1. Introduction The United States Postal Service Office of Inspector General (OIG) is awarding a contract to a Supplier who possesses specific subject matter expertise in consumer financial services, including products, regulation, market dynamics, operations,…

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