Bloomberg, Sanders, and Warren want to use post offices as banks

Bloomberg, Sanders, and Warren want to use post offices as banks

Article Published in Fortune Magazine on March 4, 2020

Most American city dwellers are used to seeing a favorite ice cream shop or watering hole seemingly replaced overnight with a shiny new consumer bank. The switch from PBR to APR can be quick and ruthless, but it has come to be expected.

Now, proposals by presidential candidates former New York City Mayor Michael Bloomberg, Sen. Bernie Sanders (I-Vt.), and Sen. Elizabeth Warren (D-Mass.) could turn the United States Postal Service’s 31,324 offices into quasi-banks.

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