Banking

All forms of banking shall become federalized and publicly owned.

Commercial banks, and other private banking financial institutions shall be converted to a singular infrastructure and merged with the US Postal Service

• Paid Interest on loans shall serve to offset federal spending and taxation

• Payday Loans, and other similar services shall be explicitly illegal activities

• Any lending of funds outside of the banking system, including vendor loans, or financing shall be strictly prohibited

• Vendors may only offer monthly installment payment plans without the possibility of charging additional interest or fees

All loans, consumer or commercial shall be reset to 1% interest rates

• Car loans shall have a maximum loan period of 10 years

• Commercial loans shall have a maximum loan period of 30 years

Credit scores shall be abolished

Financial history shall be kept to determine financial history, and to offer support to individuals who may be struggling financially, or wish to enter into loan requiring purchases

Reinstating the Glass-Steagall Act of 1933 to ensure that any further banking reforms, minimally, cannot reintegrate retail and investment banking

Banking institutions shall be thoroughly audited and findings made publicly available