Government announces new powers to protect access to cash

Millions of people in communities across the UK will see their ability to access cash protected by new powers set out by the Government. Under the new rules, the financial regulator – the Financial Conduct Authority (FCA) – will be granted new powers over the UK’s largest banks and building societies, to ensure that cash…

Read more

Nearly half of bank branches have closed since 2015

26th April 2022 Consumer Lending | #access to cash

Research by consumer watchdog Which? has revealed that 4,685 bank branches have closed over the last seven years with a further 226 set to disappear by the end of year – accounting for almost half of the country’s network. According to the study, the elderly and those in rural areas who most relied on cash…

Read more

Financial groups join forces to help protect access to cash services

15th December 2021 Consumer Collections | #access to cash

Major banks have signed a new voluntary agreement that could see more shared banking hubs open in UK towns and villages. The agreement will see an independent assessment carried out by Link each time a branch is shut. These reviews could recommend a shared branch is opened, an ATM installed or a Post Office upgraded.…

Read more