Account Closure news and trends

UK Finance Ministry Proposes Rules Against ‘Unfair Bank Account Closures’

July 20, 2023
Quick Reads
UK Finance Ministry Proposes Rules Against ‘Unfair Bank Account Closures’

July 20, 2023
The United Kingdom’s economic and finance ministry, HM Treasury, is proposing rules for banks to combat “unfair bank account closures.” The proposed rules are meant to protect freedom of expression, HM Treasury said in a Thursday (July 20) press release. “The government has stepped in to address fears that banks are terminating accounts because they disagree with […]