Millennial Pocket
  • Home
  • About
  • Banking
  • Financial Banking
  • Forex
  • Contact Us
No Result
View All Result
  • Home
  • About
  • Banking
  • Financial Banking
  • Forex
  • Contact Us
No Result
View All Result
Millennial Pocket
No Result
View All Result
Home Forex

House advances bipartisan postal banking amendment

Millennial Pocket by Millennial Pocket
May 17, 2022
in Forex
0
House advances bipartisan postal banking amendment
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Combining Finances with your Partner

Combining Finances with your Partner

January 16, 2023
Avoid Online Shopping Scams

Avoid Online Shopping Scams

December 19, 2022

Rep. Pascrell introducing the amendment

Yesterday, the House of Representatives adopted an amendment backing the Postal Service’s expanding its offering of postal financial services.

Introduced to a federal appropriations bill, the amendment expresses the House’s support for the Postal Service exercising its existing statutory authority to offer a wider range of postal financial services. The Postal Service could, without a change in law, expand its money order services, allow customers to cash checks and pay bills at the post office, install ATMs, and expand and enhance wire transfer services. These services, which are a feature of other postal systems around the world, would greatly reduce the harm faced by nearly 90 million people across the country that lack adequate financial services today.

The amendment was moved by a bipartisan group of lawmakers, Democrats Bill Pascrell (NJ-9) and Ayanna Pressley (MA-7) and Republican Mark Amodei (NV-2).

Introducing the amendment on the House floor, Pascrell emphasized the reason for bipartisan agreement for expanded postal financial services: “Ninety percent of zip codes lacking a bank or credit union are in rural areas. Bank branches are also sparse in low income urban areas. Approximately 46 percent of Latino and 49 percent of African American households are underbanked,” Rep. Pascrell said. “Think about that. Democrats and Republicans alike could derive enormous benefit for their constituents. Talk about uniting America!”

The Campaign for Postal Banking has worked closely with a number of congressional allies to build support on Capitol Hill for these services. Postal workers and other coalition allies have been organizing community support and petitioning the Postal Service to pilot expanded financial services. Yesterday’s amendment comes just weeks after northern Ohio residents, joined by their Congresswoman, Marcy Kaptur, called on the Postmaster General to pilot expanded services in their region. And it also comes just a year after the Campaign successfully defeated an appropriations amendment that would have prevented the Postal Service from piloting these projects.

The Campaign will continue to work with congressional allies to build support in Washington for expanded financial services and will also continue organizing in communities to educate and mobilize the public around postal banking.

Share76Tweet47

Related Posts

Combining Finances with your Partner

Combining Finances with your Partner

by eoe86
January 16, 2023
0

If you have decided that it is time to combine your finances with your partner there are some things to...

Avoid Online Shopping Scams

Avoid Online Shopping Scams

by eoe86
December 19, 2022
0

How to Avoid Scams When Shopping Online for the Holidays, To Save Money, and For Home Delivery Convenience It does...

How Do Banks Help Consumers Maintain Financial Privacy?

How Do Banks Help Consumers Maintain Financial Privacy?

by eoe86
November 14, 2022
0

As a consumer, it is essential that you understand the value of your financial privacy. This is especially true when...

How To “Go Green” With Your Finances

How To “Go Green” With Your Finances

by eoe86
October 17, 2022
0

Environmentalists and various policymakers have deemed climate change as one of the most rapidly evolving and highly significant issues currently...

What is Economic Inclusion?

What is Economic Inclusion?

by eoe86
September 19, 2022
0

Economic inclusion is all consumers having direct access to safe and affordable financial-based services and products. The first step towards...

Load More
  • Trending
  • Comments
  • Latest
Inclement Weather Update

Inclement Weather Update

September 26, 2022

Wire Fraud

September 7, 2022

Online Banking will be unavailable tonight from 8pm CT/9pm ET – 8:15pm CT/9:15pm ET for routine maintenance. We apologize for any inconvenience.

September 20, 2022
What is Economic Inclusion?

What is Economic Inclusion?

September 19, 2022

0
Core Bank Breaks Ground on New Sarpy County Location

Core Bank Breaks Ground on New Sarpy County Location

0
How to be a Smart Holiday Shopper

How to be a Smart Holiday Shopper

0
Make Saving Part of Your Resolution

Make Saving Part of Your Resolution

0

February 3, 2023
National Women Physicians Day featuring Dr. Marjorie S. Bisenius, DO

National Women Physicians Day featuring Dr. Marjorie S. Bisenius, DO

February 3, 2023
Core Code Ambassador Spotlight: Courtney Miller

Core Code Ambassador Spotlight: Courtney Miller

January 31, 2023
Community Impact Award: Omaha Bridges Out of Poverty

Community Impact Award: Omaha Bridges Out of Poverty

January 27, 2023

About

Investors aim to make money and build wealth over time through the practise of investing. There are a variety of ways to generate future income, and an investment can be defined as any of these methods.

Recent Post

February 3, 2023
National Women Physicians Day featuring Dr. Marjorie S. Bisenius, DO

National Women Physicians Day featuring Dr. Marjorie S. Bisenius, DO

February 3, 2023

Categories

  • Banking
  • Financial Banking
  • Forex
  • Home
  • About
  • Forex
  • Banking
  • Financial Banking
  • Contact Us
  • Privacy Policy
  • Terms And Conditions

Copyright@2022 All rights reserved by Millennial Pocket

No Result
View All Result
  • Home
  • About
  • Banking
  • Financial Banking
  • Forex
  • Contact Us

Copyright@2022 All rights reserved by Millennial Pocket

Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.
SIGN UP FOR NEWSLETTER NOW