Adam J. Levitin — Postal Banking: Maybe Not So Crazy After All

A recent white paper by the U.S. Postal Service’s Office of the Inspector General floated the idea of introducing postal banking services as a means of expanding financial inclusion. Not surprisingly, the banking industry has rushed to condemn the idea—which would create new competition for financial services—as sort of creeping socialism. But when one considers postal banking more carefully, the idea isn’t so crazy, although it raises a number of real questions and challenges.

American Banker
Postal Banking: Maybe Not So Crazy After All
Adam J. Levitin | Professor of Law at Georgetown University