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Not at all surprised to see HSBC in there (mentioned in the article in re an incident from 2014), btw. HSBC is such a notorious bastion of outrageously abject sexism that I know about it, even though my average level of overall interest in the banking and financial industry is less than zero.

The most recent way-beyond-cringe thing that I've heard of from HSBC was a Valentine's Day thing where the male employees got new laptops and the Female employees got fucking kitchen appliances and vacuum cleaners.
Banking professionals. In 2019.

This will bite GC persons, too. What we really need is a "right to banking" law that ensures that individuals (not necessarily companies) have the right to a banking. This is a very important right.

[–] Lipsy 9 points Edited

What we really need is a functional postal banking system, so that people of modest means don't have to turn to 'community lenders' AKA predatory payday-loan sharks.

The US actually had a fully functional, well-run postal banking system from 1911 to 1967, so, the basic protocols already exist (and honestly shouldn't be all that different, even though everything is made of electrons now).

(Of course, we'll have to actually kick Louis DeJoy to the curb as Step 1 of any such process.... ffuuuuuuuccckk
(look, I totally stan institutions and the rule of law, but, I despair that we'll ever see an end to this "Break glass in case of NEVER EVER mentality of non-urgency SMH.)

[–] Lipsy 3 points Edited

Yeah.
I'm decently familiar with the postal banking systems in 3 countries, Italy, Brazil, and Morocco. All three have been big successes in terms of expanding access / reducing the proportion of people in each country who are 'unbanked', but what's just as interesting is how wildly different the three underlying business models are.

In Italy, Bancoposta is an actual branch of the postal service, i.e. an actual arm of the government; no private-sector banking entity is involved. (Despite literally every stereotype of Italy ever—especially of the Italian public sector—the Italian post office in general runs a surprisingly tight ship.)

The demand for this service in Italy is massive, by the way—despite Italy's longstanding position as a rich, developed, net exporting (!! not common at all in western Europe) country—because Italians live fucking forEVER.
Italy has the second oldest population of any country on earth (behind only Japan—with that 2nd place finish owing mostly to Japan's almost total lack of young immigrants), with a staggering number of pensioners who live on near-poverty-line fixed incomes for decades.
Almost 10 percent of Italians are over 80, which is, frankly, bat-guano fucking insane (the corresponding figure for the US is 2.3%). Practically all of them depend on Bancoposta.

In Morocco, a smallish, quite old, bank called al-Barid won the postal banking contract, which is so much unfathomably bigger than its previous total book of business (something like 45% of all Moroccans use postal banking) that that's pretty much all that al-Barid does nowadays.
Al-Barid is still a government contractor, as opposed to an actual branch of the government like Bancoposta dell'Italia—a difference that's night and day for employee benefits, with other impacts depending on specs of Moroccan law, judicial convention, and maybe even what sort of mood the king of Morocco is in at whatever point in time.

And in Brazil—most surprisingly, and aspirationally, from my POV—somehow, someway, the postal banking contract was made attractive enough that the country's biggest banks actually had a bidding war over it (!! just imagine that happening in the US)
Banco do Brasil—the country's biggest mega-bank, and also the first consumer bank to be based in Brazil (rather than in Portugal)—ended up winning the contract.

I mean, rlly it'd be awesome to see USPS revive the postal banking program no matter how the details end up working, but, that Brazilian program is definitely something to study in depth.
i mean guuuuuurl imagine if a contract to provide accounts for underserved U.S. citizens could be made so attractive that Wells Fargo and Citi and BofA and so on actually wanted to bid on it! Against one another!

Interesting they're blaming organizations like Exodus Cry which is for helping sex trafficking victims.

That is nuts! Why are they googleing their customers? If they aren't shouting about who they bank with this seems very discriminatory. If all of these performers are women, they should look into suing for discrimination.

I believe this was posted here a day or two ago, but it seems relevant here https://archive.ph/s8SH7 from Glenn Greenwald