Terri Friedline’s Research on Postal Banking Featured in The Conversation

Associate Professor Terri Friedline discusses her research in The Conversation on how postal banking could provide a financial lifeline to the millions of Americans without a bank account.

According to data, 24% of U.S. census tracts  have neither a community bank nor a credit union branch, leaving 21 million people "underbanked." The lack of affordable banking creates real hardships that disproportionately hurt low-income Americans and communities of color. Without a bank account, people pay higher fees and interest rates, have a harder time building credit history and are less able to get mortgages and other kinds of loans, writes Friedline.