FINANCIAL INCLUSION BILL CO-OPERATIVE PARTY CAMPAIGN

That this House supports the campaign by the Co-operative Party for the introduction of a Financial Inclusion Bill; believes that everyone should have equal access to routine financial services and credit within their means; agrees that it is wrong for banks to be able to cherry-pick the most profitable customers, putting the most vulnerable in society at a severe disadvantage; recognises the unprecedented support given by the Government to the financial sector; calls on the Government to support the introduction of measures based on the successful Community Reinvestment Act in the US to ensure that all financial institutions engage with, design services for, and invest in people from all geographical areas and income levels; and further believes that such a move would help ensure that banks do more to put people before profits.