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Column: Blog post practices that are in addition to financial institutions? Genius tip. However, don’t keep their breathing

Last week, Sen. Kirsten Gillibrand, a new york Democrat, produced legislation to create good Postal Bank, strengthening the country's huge circle of blog post offices supply checking and you will discounts profile, and to provide reasonable-attract small-title financing.

  • It will be cool with a substitute for personal banking companies you to definitely many times prove themselves zero pal off customers (hello, Wells Fargo!).
  • Banking qualities might possibly be an economic lifeline toward You.S.