Senator Gillibrand calls for legislation to establish postal banking

ALBANY, NY (WRGB) – U.S. Senator Kirsten Gillibrand will host a video press conference calling on Congress to strengthen the country’s postal service, reestablish postal banking, and reinvigorate voting rights.

The coronavirus pandemic has devastated the finances of millions of Americans. As families struggle to make ends meet, low-income households that lack access to traditional banking services – such as checking and savings accounts – have been forced to turn to services such as prepaid debit cards, rent-to-own stores, and overdraft fees.

Gillibrand calls this legislation the Postal Banking Act. It’s goal is to provide low cost, basic financial services to New Yorkers who don’t have access to banks, it will create revenue for the postal service, and guarantee access to vote by mail.

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