John,

Right now, Representative Alexandria Ocasio-Cortez and Senator Bernie
Sanders are fighting to fund a pilot postal banking program to help
millions of Americans that are unbanked or underbanked access basic
banking services at their local post office.

[ [link removed] ]Please Join Bernie Sanders, Alexandria Ocasio-Cortez, and DFA and take
action to help make a banking system that works for working people.

[ [link removed] ][IMG]

Similar to the United States Postal Savings System that existed from 1911
to 1967, postal banking would provide basic banking services like
deposits, while also helping put a stop to predatory fees and
high-interest rates by offering even more essential banking services like
small-dollar loans that could help eliminate the predatory payday loan
market.

This program would lay down the groundwork needed to create a banking
system that competes with corporate lenders and big banks charging
outrageous fees.

Postal banking would also help rural areas like Itta Bena, Mississippi,
where the only available ATM charges $7.50 to withdraw $20.

In fact, rural areas account for 90% of the zip codes without a single
bank or credit union, and approximately 49% of African American households
and 46% of Latino households are underbanked.

By establishing postal banking services, we can help over 14 million
American adults that are unbanked while providing needed revenue to the
USPS. [ [link removed] ]Tell Congress: Fund Postal Banking Pilot Programs now.

Take Action: [link removed]

- Tre

Tre Graves
Digital Organizing Coordinator
Democracy for America




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