Articles by Ben Lane
For consumers, having a little more choice in banking wouldn’t be the worst thing in the world. We’ve certainly seen what banks can do when left to their own devices. But on the other hand, it’s not like the post office is a bastion of economic excellence either.
Representative Cedric Richmond, D-La., has introduced a bill, called The Providing Opportunities for Savings, Transactions and Lending Act (or POSTAL Act, because it just had to have the catchy acronym), which would allow the USPS to offer "basic financial services."