Banking hubs

Motion Text

That this House recognises the need to maintain access to in-person banking services; notes that banking hubs offer an important alternative to traditional high street banks but that the rollout of such services is not happening quickly enough; further notes that this disproportionally affects the vulnerable and older populations who are increasingly becoming excluded from their local economies as long-distance travel for cash or the use of digital monies is unviable; believes that banks should take all reasonable steps to increase the pace of the rollout of banking hubs; and calls on the Government to legislate to allow the Financial Conduct Authority to require the establishment of a banking hub.