Member

I turn to new clause 14. Throughout all this, we must not forget to consider the impact of fraud, error and recovery on vulnerable people. In the absence of details being provided to banks about how their eligibility verification mechanism would work, we have concerns about the potential risks of debanking for vulnerable customers and those in receipt of benefits. New clause 14 would require the Secretary of State to consider the impact of the Bill on vulnerable customers’ access to banking, and would ensure that their access was protected. I note our support for the principles behind several of the amendments tabled by the Liberal Democrats spokesperson, the hon. Member for Torbay (Steve Darling), including those that consider the impact on financial exclusion and those at risk of domestic abuse.