Starting A Chase Bank During The Postoffice Is Certainly Not ‘Postal Banking.’ That’s Not It At All.

Starting A Chase Bank During The Postoffice Is Certainly Not ‘Postal Banking.’ That’s Not It At All.

Should you want to determine if a person’s a modern policy nerd, inquire further what they take into account the notion of «postal banking.» If their eyes light up plus they begin speaking about just how it can make banking available to all and put evil payday lenders away from company, you have found your nerd. Postal banking is, for some in the Left, the type of intellectual catnip that produces them a bit giddy, such as the notion of «industrial hemp» can deliver greenies that are certain rhapsodies. It really is nutrients! Elizabeth Warren is just a big fan, and penned this good 2014 summary of just how it could work, predicated on A us Postal Service inspector general’s report. Read more