Because powerful people like being able to deny banking services without strong legal grounds. Everyone who complained about https://www.federalregister.gov/documents/2025/08/12/2025-15... would be opposed to your idea too, because they want to be able to debank people they don't like.

They do.

https://www.usps.com/shop/money-orders.htm

I've argued[0] for similar involvement by the USPS. Got a lot of "good idea!" comments and no traction.

[0] https://news.bloombergtax.com/tax-insights-and-commentary/se...

USPS should have issued every American an official government email address 20 years ago

The USPS offers and redeems Postal Money Orders. There's your (inconvenient, expensive) payment processor right there.

Don’t you think they’ve got enough to do already with dwindling resources?

do you have a moment to talk about your savior the Congressional Lobbyist?

Sure, postal banking [0] has been around forever. Could it be updated to the modern day and in the US? Of course! Why not? Because we apparently just can't have nice things.

It's a perfectly good idea that just doesn't have political traction in this era.

We could also have, you know, universal health care. Like any other normal country.

[0] https://en.wikipedia.org/wiki/Postal_savings_system