Econintersect: American Banker has devoted a video summary report on an interview by one of their reporters , Kevin Wack, to a recent report by the Inspector General of the U.S. Postal Service, David Williams. The report suggested that postal banking should be reinstituted as part of the Postal Service business. Such a service was part of the post office from 1911 to 1967.
Video can be viewed after the Read more >> jump.
GEI News reported on the release of the Inspector General’s roport in early February. The entire report can be read there (last link under sources).
Video report from American Banker:
Sources:
- Behind the Postal Banking Push (American Banker, 28 March 2014)
- United States Postal Savings System (Wikipedia)
- Inspector General Proposes Postal Banking (GEI News, 05 February 2014)
