Caroline Voaden's Campaign for Totnes Banking Hub
South Devon MP Caroline Voaden has continued her campaign to secure a banking hub in Totnes, questioning a Treasury Minister in Parliament.
Ms Voaden asked whether new regulation is needed to help rural areas retain face-to-face banking services, noting that the Financial Conduct Authority protects access to cash, but no government body oversees access to face-to-face banking services.
While the Financial Conduct Authority is responsible for protecting access to cash, there is no government body overseeing access to face-to-face banking services, meaning these could be lost.
Lloyds Banking Group will prevent customers from cashing cheques at Post Offices from January next year.
Author's summary: MP Caroline Voaden campaigns for a Totnes banking hub.
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