WASHINGTON — Democratic presidential candidate Sen. Bernie Sanders stepped up his attacks Tuesday against the largest banks, going beyond his previous calls to break them up and outlining a series of other policy proposals that would revamp the financial system.
In a speech in New York City, Sanders vowed to remove the ability of the Federal Reserve to pay interest to banks for their excess reserves, turn the credit rating agencies into nonprofits, allow the U.S. Postal Service to offer bank products, and cap ATM fees and interest rates for loans.
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