In April 2018, Senator Kirsten Gillibrand introduced legislation to make basic banking services, like loans and check cashing, available at every branch of the United States Postal Service. Professor Mehrsa Baradaran explains the history of that idea, why postal banking is needed now, and how it can help reduce America’s growing inequality.
Read Baradaran’s books, How the Other Half Banks: Exclusion, Exploitation, and the Threat to Democracy and The Color of Money: Black Banks and the Racial Wealth Gap Check out her OpEd in the Washington Post