
Ocasio-Cortez, Sanders, want your Post Office to double as a bank.
.
New York Democrat Rep. Alexandria Ocasio-Cortez and Sen. Bernie Sanders are pushing a proposal known as postal banking – a system whereby the Post Office opens a New Window authorized to provide financial services.
.
In legislation unveiled last week, which also aims to cap credit card interest rates at 15 percent, the pair of self-identified Democratic Socialists said postal banking could provide relief to low-income Americans.
The Post Office rejected a postal banking proposal suggested in 2014.
.
________________________________________________________