Law360 (October 22, 2021, 6:57 PM EDT) — A pair of Republican congressmen raised alarms Friday about a U.S. Postal Service pilot program for cashing paychecks, saying the program hasn’t been approved by Congress and is well outside the agency’s purview.
“The Postal Service’s involvement in financial services is certainly a significant deviation from the plans for reform that you communicated to Congress in public and in private,” the letter said.
According to a USPS representative, the Postal Service kicked off a pilot program on Sept. 13 in which customers at a handful of locations can use payroll and business checks to purchase gift cards of up to $500. The representative told Law360 that the service provides “an alternative to traditional check cashing.”