October 6, 2021
Associate Professor Terri Friedline’s study is cited in an NBC News article about a U.S. Postal Service pilot program offering financial services, which could lead to a return in postal banking. Friedline’s study showed that 69% of U.S. census tracts with local post offices do not have community bank branches, making it difficult for residents to access financial services. The postal service offered banking services in local branches from 1911-1967.
