ACLU

@ACLU ↗

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Last Checked Sept. 9, 2022

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Tue Jun 15 14:44:44 +0000 2021

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ACLU @ACLU

With postal banking, post offices are authorized to serve many financial services for communities who have limited access to banks, such as: ✔ payroll check cashing ✔ domestic money transfers ✔ bill payments — PolitiTweet.org

Posted June 15, 2021 Hibernated

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ACLU @ACLU

Without access to banks, people rely on payday lenders and other alternatives that have much higher fees and interest rates. Payday lenders are overwhelmingly located in neighborhoods where systemic racism has left banking deserts and concentrated poverty. — PolitiTweet.org

Posted June 15, 2021 Hibernated

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ACLU @ACLU

Postal banking actually existed for most of the 20th century. At its height, the post office held about 10% of all commercial banking. — PolitiTweet.org

Posted June 15, 2021 Hibernated