07/24/2018 - (This article first appeared in the July-August 2018 issue of The American Postal Worker magazine)
Postal services across the world provide tried and tested and successful models for postal banking, or the provision of financial services via the post. New research by Holly Feldman Wiencek, Research Assistant at the National Association of Letter Carriers (NALC), shows differing models for postal banking across the world and the factors that drive their success.
06/21/2018 - The White House proposal on restructuring the federal government released today, “Delivering Government Solutions in the 21st Century,” delivered nothing but misinformation and, if implemented, would end regular mail and package services at an affordable cost to 157 million addresses every day. Furthermore, the White House plan is an attack on many federal agencies and the public services they provide.
Eliminating the universal service obligation, as the plan suggests, would hurt business and individuals alike, and would be a dagger aimed at the heart of rural America and undermine e-commerce.
05/01/2018 - (This article first appeared in the May-June 2018 issue of The American Postal Worker magazine)
Bank of America, the country’s second largest bank, ended its popular free e-checking account and is now requiring customers to maintain a minimum balance of $1,500 or a monthly direct deposit of at least $250. Customers who fail to meet those minimums will be charged a $12 monthly fee.
03/27/2018 - The Research & Education Department will sponsor the APWU’s 16th Educational Conference, a National Convention event that provides union members with a wealth of information to take home to their local and state organizations. Twenty-eight workshops will be offered on Friday, Aug. 17... All APWU members are welcome and encouraged to sign-up online by the early registration deadline of Friday, Aug. 3. This deadline is firm for participants with special needs: If you need a sign interpreter, for example, you must register by Aug. 3. Other participants may try to sign up for workshops after they arrive in Pittsburgh; however, late registrants will have a limited choice of workshops and will not receive certificates.
03/01/2018 - (This article first appeared in the March-April 2018 issue of the American Postal Worker magazine)
U.S. voters strongly support holding Wall Street accountable, according to a 2017 poll by Americans for Financial Reform (AFR). Majorities of Democrats, Republicans, and Independents favor more regulation of ﬁnance, not less.
11/01/2017 - (This article first appeared in the November-December 2017 issue of the American Postal Worker magazine)
Way back in 1956, an article in the Monthly Business Review made a case for ending the Postal Savings System (see box). “It would seem that the Postal Savings System has outlived any social or economic need it may have once satisfied,” wrote the Cleveland Federal Reserve
09/26/2017 - The Coalition of Labor Union Women (CLUW) had their 19th Biennial Convention in Detroit, Michigan from Sept. 6-9. Over 400 union delegates from across the country attended, representing 27 national unions. CLUW is a national women’s organization within the labor movement. Its goals are to empower women in the workplace, advance women in their unions and promote policies that support women and working families.
09/01/2017 - (This article first appeared in the Sept-Oct 2017 issue of the American Postal Worker magazine)
Although the payday lending industry slowed in California in 2016, it increased dramatically among senior citizens. For the first time, seniors took out more short term loans than any other age group, according to a study California’s Department of Business Oversight released in July.