Letter to Fed Chair and Postmaster General urges increased banking options for low-income and rural Americans Washington, D.C., October 30, 2019 U.S. Reps. Bill Pascrell, Jr. (D-NJ-09) and Alexandria Ocasio-Cortez (D-NY-14) today wrote to Jerome Powell, the chairman of the Federal Reserve, and Megan Brennan, the Postmaster General of the United States Postal Service (USPS), […]
HUNTS POINT – Local leaders gathered at the Hunts Point post office to advocate for postal banking. The group was at the office as they attempted to drop off a petition to reinstate banking services. Up until the mid-1960s, if someone wanted to drop off a letter there, they could also go inside and drop off money to […]
4/25/2018 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 Alternatives Such As Predatory Payday […]
OTTAWA, March 22, 2018 (GLOBE NEWSWIRE) — Postal union and social justice leaders, along with a mayor on a mission, joined Member of Parliament Irene Mathyssen (NDP, London-Fanshawe) on Parliament Hill this morning for a press conference to put pressure on Members of Parliament to support postal banking in Canada. Mathyssen, the NDP critic for […]
by Mike Leyba, director of communications for United for a Fair Economy. August 15, 2016 A little over a year ago, United for a Fair Economy released State of the Dream 2015: Underbanked and Overcharged. This groundbreaking report looks at the banking industry from the perspective of low-wage workers and people of color. We are […]
July 29, 2016 – The Postal Service currently provides certain financial services appropriate to our existing infrastructure including money orders, electronic funds transfers and U.S. Treasury check cashing to meet customers’ needs. The Postal Service’s mission is to provide the American public with trusted, affordable, universal mail service. Our core function is delivery, not banking. […]
It’s Time for Fair Banking in Canada: ACORN Canada and CUPW Come Together to Replace Predatory Lending with Postal Banking! OTTAWA, ONTARIO–(Marketwired – May 2, 2016) – On Thursday May 5 The Association of Community Organizations for Reform Now (ACORN) and the Canadian Union of Postal Workers are coming together to call on the Federal […]
Rep. Richmond (LA-02) reintroduced a bill that would expand access to basic financial services to millions of Americans and provide USPS an opportunity to generate billions of dollars in revenue. February 2, 2016 Press Release Washington, DC – Rep. Richmond (LA-02) issued the following statement after reintroducing the Providing Opportunities for Savings, Transactions and Lending […]
01/06/2016 – In a speech given just blocks from Wall Street, Sen. Bernie Sanders promised to implement postal banking as one of the ways to fix the country’s broken and corrupt financial system. “If elected president, I will rein in Wall Street so they can’t crash our economy again,” Sanders said on Jan. 5. Sanders […]
11/19/2015 – Did you know that nearly 28% of U.S. households are underserved by traditional banks? They turn instead to payday lenders, check cashers and other financial predators, spending on average nearly 10 percent of their income on fees. There is a simple solution: Postal Banking. The Campaign for Postal Banking has launched a petition […]