Editing Postal savings system (section)

===United States===
In the [[United States]], the [[United States Postal Savings System]] was established in 1911 under the Act of June 25, 1910 ({{usstat|36|814}}).  It was discontinued by the Act of March 28, 1966 {{USBill|89|HR|8030|which=89}} ({{usstat|80|92}}).<ref>{{cite book |author1=House Post Office and Civil Service |title=Dissolution of the Postal Savings System, Hearing Before the Subcommittee on Postal Operations 89th Congress, 1st Session, on H.R. 8030 and Similar Bills |date=May 12, 1965 |publisher=United States Congress |url=https://books.google.com/books?id=QvOIps83rIcC |access-date=27 August 2021 |language=en |archive-date=27 August 2021 |archive-url=https://web.archive.org/web/20210827045308/https://books.google.com/books?id=QvOIps83rIcC |url-status=live }}</ref>

Fifty years later, Vermont Sen. [[Bernie Sanders 2016 presidential campaign|Bernie Sanders' 2016 presidential campaign]] platform included plans for postal banking.<ref>{{Cite web|last=MarketWatch|title=Text of Bernie Sanders' Wall Street and economy speech|url=https://www.marketwatch.com/story/text-of-bernie-sanders-wall-street-and-economy-speech-2016-01-05|access-date=2020-09-17|website=MarketWatch|language=en-US|archive-date=2023-06-23|archive-url=https://web.archive.org/web/20230623071838/https://www.marketwatch.com/story/text-of-bernie-sanders-wall-street-and-economy-speech-2016-01-05|url-status=live}}</ref> In 2018, Massachusetts Sen. [[Elizabeth Warren]] and New York Sen. [[Kirsten Gillibrand]] supported such a program.<ref>{{Cite web|last=Marans|first=Daniel|date=2018-04-25|title=Kirsten Gillibrand Unveils A Public Option For Banking|url=https://www.huffpost.com/entry/kirsten-gillibrand-postal-banking-bill_n_5ae07f9fe4b07be4d4c6feae|access-date=2020-09-17|website=HuffPost|language=en|archive-date=2020-08-28|archive-url=https://web.archive.org/web/20200828022220/https://www.huffpost.com/entry/kirsten-gillibrand-postal-banking-bill_n_5ae07f9fe4b07be4d4c6feae|url-status=live}}</ref> In April 2018, Gillibrand introduced [https://www.congress.gov/bill/115th-congress/senate-bill/2755 S.2755 - Postal Banking Act]<ref>{{Cite web|last=Weissmann|first=Jordan|date=2018-04-25|title=Kirsten Gillibrand Unveils Her Ambitious Plan to Turn the Post Office Into a Bank|url=https://slate.com/business/2018/04/kirsten-gillibrands-ambitious-postal-banking-bill.html|access-date=2020-09-17|website=Slate Magazine|language=en|archive-date=2020-09-24|archive-url=https://web.archive.org/web/20200924092923/https://slate.com/business/2018/04/kirsten-gillibrands-ambitious-postal-banking-bill.html|url-status=live}}</ref> partly in response to the Trump administration's suspension of payday lending regulation imposed during the Obama administration. In 2020, after [[Joe Biden]] defeated Senator [[Bernie Sanders]] in the [[2020 Democratic Party presidential primaries|2020 Democratic presidential primaries]], the [[Biden-Sanders Unity Task Forces|Biden-Sanders "Unity Task Force”]] policy recommendations for a Biden administration, released in July, included postal banking.<ref>{{Cite web|last=Lane|first=Sylvan|date=2020-07-08|title=Biden-Sanders unity task force calls for Fed, US Postal Service consumer banking|url=https://thehill.com/policy/finance/506469-biden-sanders-unity-task-force-calls-for-fed-us-postal-service-consumer|access-date=2020-09-17|website=TheHill|language=en|archive-date=2020-09-24|archive-url=https://web.archive.org/web/20200924005833/https://thehill.com/policy/finance/506469-biden-sanders-unity-task-force-calls-for-fed-us-postal-service-consumer|url-status=live}}</ref> In September 2020, Gillibrand and Sanders announced a newer Postal Banking Act.<ref>{{Cite web|date=2020-09-17|title=Sens. Gillibrand and Sanders Talk Postal Banking|url=https://www.youtube.com/watch?v=PRxix_yO2TI&t=320|website=Senator Bernie Sanders on YouTube|access-date=2020-09-17|archive-date=2024-01-06|archive-url=https://web.archive.org/web/20240106064324/https://accounts.google.com/v3/signin/identifier?continue=https%3A%2F%2Fwww.youtube.com%2Fsignin%3Faction_handle_signin%3Dtrue%26app%3Ddesktop%26hl%3Den%26next%3D%252Fsignin_passive%26feature%3Dpassive&hl=en&ifkv=ASKXGp1uOBnOHzy7HtX8QONLZL79pnspQ47sbUh3lbhSIgVYbVxrN2bFlzd2hUM_VFnngBl4nIfNfg&passive=true&service=youtube&uilel=3&flowName=GlifWebSignIn&flowEntry=ServiceLogin&dsh=S-1324370588%3A1704523404326535&theme=glif|url-status=live}}</ref> It would help strengthen the Postal Service's financial situation and help unbanked and underbanked people with savings and checking accounts, debit cards and low-dollar loans that they might otherwise be forced to get from payday lenders at high interest rates.<ref>{{Cite web|date=2020-09-17|title=Sanders, Gillibrand to announce Postal Banking Act|url=https://www.mychamplainvalley.com/news/sanders-gillibrand-to-announce-postal-banking-act/|access-date=2020-09-17|website=Local 22/44 News|language=en-US|archive-date=2020-12-05|archive-url=https://web.archive.org/web/20201205023301/https://www.mychamplainvalley.com/news/sanders-gillibrand-to-announce-postal-banking-act/|url-status=live}}</ref><ref>{{Cite web|last=Johnson|first=Jake|date=2020-09-17|title=To Provide Public Alternative to 'Predatory' Wall Street Banks, Sanders and Gillibrand Unveil Postal Banking Act|url=https://www.commondreams.org/news/2020/09/17/provide-public-alternative-predatory-wall-street-banks-sanders-and-gillibrand-unveil|access-date=2020-09-17|website=Common Dreams|language=en|archive-date=2020-09-17|archive-url=https://web.archive.org/web/20200917190151/https://www.commondreams.org/news/2020/09/17/provide-public-alternative-predatory-wall-street-banks-sanders-and-gillibrand-unveil|url-status=live}}</ref>