Unimpressed With USPS Bank Test, Backers Seek New Initiative

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Anthony and Republicans in Congress also took issue with how the Postal Service launched its check cashing test. By limiting it to gift cards, the USPS circumvented a 2006 ban (PL 109-435) against offering new non-postal products without regulatory approval.

“While I understand the desire of people at USPS to jump into space, and I understand the concern that many have about financial inclusion efforts, I just don’t think this is the right way to approach that program,” Anthony said. . “One of the worst things that could happen is that they had something that really helped and then they had to shut it down because it wasn’t set up the right way.”

Rep. James R. Comer, R-Ky., Ranking Republican on the House Oversight and Reform Committee, and Rep. Patrick T. McHenry, RN.C., Ranking Republican on the House Financial Services Committee House, wrote Postmaster General Louis DeJoy in October to oppose the pilot.

Sen. Patrick J. Toomey, R-Pennsylvania, a ranking Republican on the Senate Banking Committee, and 18 other Republican senators also wrote DeJoy in November requesting more information about the pilot, saying it may be outside “legal limits.” “.

“They have earned the right to try”

Rep. Mark Amodei, a member of the House Appropriations Committee, may be one of the few to applaud the USPS check cashing pilot. The Nevada Republican supports expanding financial services but is reluctant to spend taxpayer money to do so.

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