Postal Banking Is Back — On Democratic Party Platforms — But Is It Viable?

Postal Banking Is Back — On Democratic Party Platforms — But Is It Viable?

The revival of postal banking — the postoffice dropped checking account in 1967 as a result of a decrease in deposits — has been according to two maybe maybe not constantly compatible principles. In 2014 the Postal Service recommended it might earn money from banking while still undercutting the usurious prices of payday loan providers. (mehr …)