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-US Treasury suggests postal service should stay out of banking

Dec 05, 2018 - Global Banking News

Global Banking News - 05 December 2018

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Postal banking does however have the backing of several Democratic senators and they argue that the postal service, which has more than 30,000 post offices, is well positioned to offer more affordable credit to customers.

The report, released on Tuesday, suggested that the department is not equipped to manage risks involved in the banking business. The report also cited the lack of exper...