SPEAKING OF THE USPS: If Democrats win the White House in November, there's a distinct possibility that post office branches could start offering banking services. This would mainly help people who don't earn enough $$ to afford bank accounts, which can come with fees. Some news:

As @PatrickMRucker first reported, JPMorgan Chase and the USPS drew up plans to have Chase banking services located in some post office branches. A bank spokeswoman confirmed this for me, but said there were no immediate plans to move forward with the idea https://www.nytimes.com/live/2020/08/19/business/stock-market-today-coronavirus/jpmorgan-had-explored-leasing-space-inside-post-offices-for-banking

If JPMorgan had ATMs & other facilities in post offices, it could make it harder for postal banking to become a reality. Banks oppose the idea of postal banking because it would represent another source of competition for them. They argued against it here https://www.aba.com/advocacy/policy-analysis/joint-financial-services-trades-letter-to-the-house-oppose-pascrell-kaptur-postal-banking-amendment

"Although we appreciate—and strongly support—efforts to increase financial inclusion across the country, we are deeply concerned that allowing the U.S. Postal Service to provide banking services will be beyond the Postal Service’s core competencies," the bank lobbyists wrote

The trade group for credit unions is hopping mad about JPM maybe getting post office space. "Allowing Wall Street mega banks free-reign to solicit customers from community post offices would amount to nothing more than a power grab aimed at bolstering profits,” its CEO said today

. @SenSherrodBrown, who has a postal banking bill ready to go, said of today's news: "What JP Morgan Chase wants to do looks like another attempt for big banks and corporations to privatize our public infrastructure so their shareholders gain while working families suffer.”

The backlash has indeed been swift https://twitter.com/robblackwellAB/status/1296199518871003137