Competition for the banks

Post offices used to provide banking services at one time. Dean Baker and Senator Warren think they should do so once more. Their focus would be on low and moderate income households. You could perform most of the basic banking services - basic checking and saving accounts, car loans, credit cards, etc. -  at the post office. And Baker thinks the postal banking system could make a profit, while meeting the needs of many Americans. Many European countries have viable postal banking systems.