In an American Banker op-ed, a senior fellow at the Cato Institute argues against the idea of allowing post offices to offer banking services as a way to support financial inclusion; some candidates running for President have put forward proposals supporting this idea particularly around allowing post offices to offering small dollar loans; but that is a complex business and ill-suited to today’s post office; the author suggests that a better idea would be to change regulations forbidding a company like Walmart from offering banking services; we should encourage competition and innovation when it comes to serving low income consumers. Source.