In a New York Times op-ed over the weekend, Gillibrand called the current federal approach to the postal service inadequate. She said she’s introduced a bill to expand its services to include banking.
Gillibrand told NCPR last week this would help displace predatory payday lenders while giving the USPS a new revenue stream.
“This is something we did in this country after the Depression,” Gillibrand said. “We allowed post offices to be basic community banks, so offering checking, savings, sending and wiring money to people who don’t have access to banking. There’s a lot of underbanked New Yorkers. A great deal of underbanked New Yorkers in rural areas and in inner cities and in small cities.”
In a tweet, President Trump on Friday called the postal service “a joke,” and threatened to block a $10 billion emergency line of credit unless they raise their prices for delivering packages from online retailers like Amazon.