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OFFICE of COMMISSIONER of BANKING Form

OFFICE of COMMISSIONER of BANKING Form

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Postal banking. What does that mean? Post offices around the world, in fact over a hundred countries have what I'm about to describe to you, the post office provides financial services. You can have a savings account. You can have a checking account. You can have a credit card. You can get a loan you can do all the things you do with a bank but the post office provides you with an option. It's usually an option that's much more convenient because every post office has it. It's an option that's usually much cheaper because the government is providing it and the post offices already exist, and the structure already exists, and the trained personnel who already deal in money orders and other financial items are already of available, certified. It's perfect. It's a way to offer Americans, if we did it, cheap alternatives to banks. What banks? The banks, the large ones that have been caught over the last five years doing every illegal

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