Postal Banking 

Many countries currently offer banking with their local post offices.

This was already a thing in the United States from 1911 to 1967 when the US Post Office offered some basic banking and lending services.

Currently the US Post Office can only cash Treasury checks and issue money orders, but if Postal Banking returns, it would be a non profit banking option that provides a variety of banking and lending services.

If interest rates get capped at the proposed 15%, won’t banks just refuse to lend to new/high risk clients?

Probably, but Postal Banking is non profit and as such can offer low-cost low-dollar loans at rates that banks don’t want to.

Postal Banking by XDefineThingsX May 11, 2019

Snap Backing The (ThE) (tHe) (a) (An) (A) (an( Comma (comma) (&) (,) The Ol(L)d D(d)usty Ass-w(W)iped Trail (A (The-An) Postal Code 10457-2219 On The Topic Of Zipper's Code)... 

What I call homo-sapiens who are addicted to abscesses.

Person 1: Are you addicted to abscesses?
Person 2: Yes.
Person 1: Snap Backing The (ThE) (tHe) (a) (An) (A) (an( Comma (comma) (&) (,) The Ol(L)d D(d)usty Ass-w(W)iped Trail (A (The-An) Postal Code 10457-2219 On The Topic Of Zipper's Code)...

Snap Backing The (ThE) (tHe) (a) (An) (A) (an( Comma (comma) (&) (,) The Ol(L)d D(d)usty Ass-w(W)iped Trail (A (The-An) Postal Code 10457-2219 On The Topic Of Zipper's Code)... by LeSouffleDeVersailles January 25, 2025