Law Professor: Could the Postal Service Become a Bank?
March 14, 2014
Contact: University Relations
In an op-ed in The Baltimore Sun, University of Baltimore School of Law Professor Cassandra Jones Havard writes that a proposal to allow the U.S. Postal Service to add banking to its service portfolio could help those who are "unbanked" or "underbanked."
"To traditional banks, the unbanked and underbanked demographic represents low profits and high risk," Jones Havard says. "To alternative financial services providers, however, the same demographic represents approximately $78 billion annually in revenues.
"This is where the post office comes in."
Read the op-ed.
Learn more about Prof. Jones Havard.