ACLU

@ACLU ↗

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Last Checked Sept. 9, 2022

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Tue Jun 15 14:44:45 +0000 2021

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ACLU @ACLU

The end of postal banking in the late 1960s led to the rapid growth of payday lenders, which grew into a $100 billion industry. This coincided with further economic exclusion of poor, rural, and BIPOC communities. — 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

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ACLU @ACLU

59% of zip codes don't have a bank. 100% of zip codes have at least one post office. Postal banking would prevent banking deserts and allow for families to save thousands of dollars from payday lending costs. — PolitiTweet.org

Posted June 15, 2021 Hibernated