Biden-Sanders task force calls for postal banking

The Unity Task Force created by presumptive Democratic presidential nominee Joe Biden and independent Sen. Bernie Sanders from Vermont called for a “postal banking” system for people who don’t have access to regular banks.

The document, which was released on Wednesday and spans over 100 pages, does not specifically define the term “postal banking” but states that the “government should provide easily accessible service locations, especially postal banking to make it possible for everyone to access physical banking locations.”