Category Archives: Statements and Press Releases

News Release: NEW REPORT: USPS Must Roll Out Basic Financial Services at Post Offices to Reach 10 Million Unbanked Households

Washington, D.C. – A new report released today, “Banking Fair: The Promise and Urgency of Doing Postal Banking Right,” calls for a public banking option to be restored within the U.S. Postal Service. USPS has a long history as a public service institution, despite the seeds of privatization sown by Republican presidents and Congress since 1970. 

News Release: Solicitor General’s Brief Condemns Fifth Circuit’s Unconstitutional Decision Against the CFPB

Washington, D.C. – The Solicitor General submitted today a brief supporting the Consumer Financial Protection Bureau (CFPB) in the case CFPB v. CFSA. The Supreme Court will hear the case this fall, reviewing a radical and unprecedented Fifth Circuit decision that held the CFPB’s funding structure unconstitutional and sided with predatory pay-day lenders over CFPB rulemaking designed to protect consumers.