As a young Wall Street lawyer, Mehrsa Baradaran helped large banks turn to the government to survive the financial crisis. A decade later, she is behind a proposal to bring government-backed competition into their world. More Democrats are touting a proposal to offer banking services through the post office to people who lack bank accounts or credit cards. Many of them—including U.S. Sens. Kirsten Gillibrand of New York and Elizabeth Warren of Massachusetts and U.S. Rep. Alexandria Ocasio-Cortez of New York—have consulted...

Source: Wall Street Journal June 01, 2019 09:22 UTC