Nobody’s using the USPS postal banking pilot

by David Baumann, CUCollaborate

You know that postal banking pilot program that has had financial services trade groups and congressional Republicans furious?

Nobody’s using it.

The US Postal Service on Tuesday released its financial reports for the third quarter of FY22.

The pilot program generated no fee revenue for the USPS during that quarter because nobody used the program in those three months, the report stated. Further, during the previous quarter between January and March, only one person used the program.

 

continue reading »