A Grand Alliance to Save Our Public Postal Service

May 12, 2016. The U.S. Postal Service (USPS) is under attack by forces that favor privatization and oppose sensible proposals to invest in expanding its package delivery services and in re-introducing postal banking services that exist in many countries and that were provided in the United States from 1910 to 1966. With the Postal Service’s unparalleled network of post offices in every neighborhood and village in the country, postal banking has the potential to provide affordable, consumer-friendly financial services to lower-income households and communities that are poorly served by traditional banks or at the mercy of predatory payday lenders and check cashers. FPI’s James Parrott presented testimony at the May 12, 2016 New York City field hearing called by A Grand Alliance to Save Our Public Postal Service. Among other things, Parrott’s testimony summarizes the economic and community impacts of the further consolidation of postal facilities and he highlights the importance of middle-income postal service job opportunities for communities of color, particularly African Americans.