Donegal TD Pearse Doherty has referred to as for measures to guard entry to money and department providers, following the closure of Eire’s remaining Ulster Financial institution branches.
Sixty-three native branches of Ulster closed their doorways for the final time on Friday, together with Donegal’s final department in Letterkenny.
Sinn Féin spokesperson on Finance Pearse Doherty stated lowered entry to money providers dangers additional monetary exclusion and is especially damaging to aged and low-income teams.
“In recent times we’ve seen banks take away and run-down department and money providers. Entry to money is essential for residents, enterprise and communities,” Deputy Doherty stated.
“We now want laws to guard entry to money, as has been completed in Sweden and Britain, and Sinn Féin are engaged on laws to make this a actuality.
“Entry to department providers additionally stays crucial to communities and enterprise,” he added.
“There may be scope and a must strengthen the Central Financial institution’s Client Safety Code with respect to department providers, and Sinn Féin will likely be outlining our proposals to the regulator as a part of its public session on the Client Safety Code later within the yr.”
Deputy Doherty added that it’s “essential” that Ulster Financial institution and receiving banks help prospects who’re within the strategy of switching their banking providers to new suppliers.
Entry to money should be protected following Ulster Financial institution closures – Doherty TD was final modified: April twenty second, 2023 by