"This would be like the banking industry moving into running the airlines," said Richard Hunt, president of the Consumer Bankers Association.

Post Office Offering Loans is 'Worst Idea Since the Edsel': Banks

Bankers and their representatives harshly criticized a call for the U.S. Postal Service to offer financial products like debit cards and remittances to underbanked consumers, saying it was a dangerous and foolhardy idea.

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