Issues affecting credit union will get tangled up in the drafting of the Democratic national party platform. A July 1 draft of the party platform states that the Dodd-Frank Act should be defended and even expanded and the U.S. Postal Service should be allowed to offer basic banking services.
"At a time when many of the largest banks have shunned communities across America, Democrats believe that we need to give Americans affordable banking options, including by empowering the United States Postal Service to facilitate the delivery of basic banking services," the document stated.
In January 2014, the USPS Office of Inspector General recommended that the postal service was well positioned to offer basic banking services.
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