ACLU backs postal banking

The American Civil Liberties Union has started voicing strong advocacy of postal banking, supported by an intense social media campaign.

In a recent position article, Rakim Brooks, ACLU Senior Campaign Strategist & Systemic Equality Campaign Manager, writes:

“We believe postal banking provides a cure to what ails our most vulnerable communities. According to the Postal Service’s Office of the Inspector General, the 2006 Postal Accountability and Enhancement Act authorizes the agency to expand beyond money orders to other affordable services, including payroll check cashing, domestic money transfers, and bill payment. This is not a new or radical idea.

There is a post office in every zip code in America, including the 59 percent of zip codes that currently lack a bank branch. A substantial number of the un- and under-banked rely on their local post office for money orders, which are offered at a low cost. The Post Office is prepared to meet the unbanked where they already are. … Those essential financial services would cut into the market share of the payday lending industry and save American families, particularly Black families, thousands of dollars. That is why the ACLU is fighting for postal banking.

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