On April 15, 2021, Ocasio-Cortez and three other senators called a press conference to announce a bill that they had introduced to implement postal banking pilot programs in rural and low-income urban neighborhoods where millions of households cannot access or afford standard banking services. Ocasio-Cortez described the families she sees in her urban community who need to rely on check cashing companies that charge exorbitant interest rates due to the absence of mainstream banks. "They'll show up to a check cashing place and imagine cashing your stimulus check...and having 10 to 20% of that check taken away from you."
