<html><head></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><a href="https://www.dailykos.com/campaigns/1535?detail=email">https://www.dailykos.com/campaigns/1535?detail=email</a><div><br></div><div>Bernie has sponsored legislation to let the Postal Service find
innovative new ways to shore up its finances. Sanders prosed that the
U.S. Postal Service offer banking services—“postal banking”—which was
provided until 1967. <br>
<br>
Simply put, the Post Office would offer basic banking services to
customers—like low-interest savings accounts, debit cards and even some
simple types of loans. The USPS already takes in more than $100 million
in revenue each year by selling postal money orders. <br>
<br>
“One of the ways that I think we can help not only the U.S. Postal
Service, but help a lot of low-income people—if you are a low-income
person, it is, depending upon where you live, very difficult to find
normal banking. Banks don’t want you,” Bernie continued, “And what
people are forced to do is go to payday lenders who charge outrageously
high interest rates. You go to check-cashing places, which rip you off.
And, yes, I think that the postal service, in fact, can play an
important role in providing modest types of banking service to folks who
need it.”<br>
<br>
An estimated 68 million people live in “bank deserts,” areas without
access to financial services. The banks don’t want to serve these people
because they’re mostly poor, leaving them to be gouged by check-cashing
shops and payday lenders...<br></div></body></html>