A pilot program by the U.S. Postal Service to offer check cashing services is inconsistent with congressional intent and inappropriately stretches the definition of “postal services,” ABA said in a letter to the Postal Regulatory Commission today.
Republican lawmakers ask the U.S. Postal Service to stop the extension of a financial services pilot program that they claim has violated statutory restrictions since its inception.
The American Bankers Association wrote to Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) today to express support for the Postal Service Reform Act of 2022, a bill that would clarify that the postal service is not authorized to provide banking services.
A group of Republican lawmakers led by Rep. Blaine Luetkemeyer (R-Mo.) today expressed concern about a recent attempt by the U.S. Postal Service to circumvent a statutorily required product approval process and expand its financial services offerings.
Attempts by the U.S. Postal Service to expand its offerings to include financial services at a time when improvements to its existing services are needed is “irresponsible,” Sen. John Boozman (R-Ark.) wrote in an op-ed published in The Hill this week.
A group of Republican senators led by Sen. John Boozman (R-Ark.) today raised concerns about a recent effort by the U.S. Postal Service to launch a pilot program offering expanded financial services—including check-cashing services—at certain locations in four U.S. cities.
The U.S. Postal Service last month quietly launched a pilot program in four U.S. cities offering expanded financial services at certain post office locations in Washington D.C., Baltimore, Falls Church, Virginia, and the Bronx, New York.
In this episode, podcast co-hosts Evan Sparks and Monica C. Meinert review highlights from the ABA’s just-concluded virtual Washington Summit. If you missed the Summit, tune in for insight and analysis on the past few days, and if you watched the virtual event, revisit all the highlights in just 20 minutes.
The American Bankers Association joined eight other financial trade groups today to oppose an amendment to the FY 2021 financial services and general government appropriations introduced by Reps. Bill Pascrell (D-N.J.) and Marcy Kaptur (D-Ohio) that would enable the U.S. Postal Service to provide banking services.
In a comment letter today, the American Bankers Association urged the Postal Regulatory Commission not to move forward with its decision to replace the consumer price index cap on United States Postal Service pricing with a new system that would effectively allow the USPS to raise postal rates as volume declines.