Sen. Kirsten Gillibrand (D-NY) is introducing legislation that would require U.S. post offices to provide basic banking services, acting as a public option for banking. The postal banking proposal is meant to protect consumers from predatory payday loans by providing them with a public alternative. But others warn public banking isn't all it's chalked up to be, and we should leave banking to the private sector. What do you think? 💵
Should the U.S. provide a public option for banking?
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