Responding to Democratic pushes to offer services to low wage area’s thru it’s locations…..
PostMaster DeJoy has started Postal banking and cement his job security as he changes things up with raises in prices and slows first class and other mail service….
Postal banking has become a Democratic hobby horse in recent years, with activists and politicians saying it solves two problems: the Postal Service’s precarious financial condition and the barriers many U.S. households face to building wealth and accessing their money.
For the nation’s 14.1 million unbanked and underbanked adults, the plan presents a government-backed alternative to paycheck cashing stores and payday lenders, which target vulnerable populations with outsized fees and interest rates. Democrats embraced the idea years ago: Sen. Bernie Sanders (I-Vt.) made postal banking part of his 2016 and 2020 presidential platforms, and it was adopted by the Biden-Sanders Unity Task Force as part of President Biden’s 2020 campaign agenda….