Policy number:
2016-7-8
Convention:
2016
Preamble:
WHEREAS major Canadian banking institutions are currently inaccessible to many low-income Canadians as well as remote areas, especially in the North, and

WHEREAS predatory banking and loan services are becoming increasingly prevalent in many low-income communities in Canada, and

WHEREAS Canada Post has an under-utilized institutional capacity to deliver basic banking services at a wide range of locations, and

WHEREAS there is a need for the expansion of the service base of Canada Post to integrate with the realities of the 21st century economy, and

WHEREAS postal banking has proven to be a reliable model in such countries as Japan, Germany, Brazil, and France.

Policy:
That the NPF call upon the federal government to work toward re-establishing a publicly-owned and operated basic banking service program accessible to all Canadians under the purview of Canada Post.

Section:
Additional policies