Rushanara was elected to serve on the Treasury Select Committee in November 2014, a position she held until March 2015. The Committee examines the work and policy of HM Treasury, HM Revenue and Customs and other public bodies, including the Bank of England and the Financial Conduct Authority.
During her time on the Committee, Rushanara led discussions concerning fair access to basic bank accounts for all. This involved challenging banks on their de-risking practices, as well as on how they approach anti-money laundering and counter-terrorism legislation. She also held to account the Chancellor of the Exchequer on his promises of spending cuts over the next few years, and questioned the Governor of the Bank of England on the impact of possible increases in interest rates on our economy.
While on the Committee, Rushanara also investigated the charges of cash machines in different areas of the country. Highlighting the differences in costs between different areas of London, Rushanara challenged banks to ensure cash machine charges are transparent, clear and fair for all.