John McDonnell delivers MYM’s recommendations to City Minister

Move Your Money advocates for improved banking protocols

The advocates from Move Your Money have urged improvements to the Access to Banking Protocol, including forcing banks into data transparency about branch closure locations and dates to allow greater scrutiny of their impact. They want to implement a rigorous public interest assessment before closing a branch, so that branch closure decisions are genuinely influenced by community needs, unlike the current impact assessments.

Consultation with local communities

Move Your Money also recommends requiring banks to meaningfully consult local communities in advance, rather than simply informing them of a decision after it has already been taken. This would ensure that the needs and concerns of the community are taken into consideration before any branch closures are finalized.

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