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united states

What is a banking desert?

What is a banking desert? A banking desert is a census tract or neighborhood that has no bank branches within or within 10 miles of its center. Economists at the Federal Reserve Bank of New York have identified 1,214 banking…

What is the Postal Bank?

In postal banking, your local post office offers some basic financial services, much like a commercial bank. Postal banking is common in much of the world and was once available in the United States. Now some supporters think…