Banks 'may be wrongly closing accounts or silently marking them for fraud'
In response to the row, City minister Andrew Griffith wrote to the Financial Conduct Authority , urging it to prioritise an"important" review into whether people are being denied banking services due to their political views.The Treasury has also asked the FCA to review the current rules about account closures and publish its findings, including any recommendations.
But the consumer group added that it wants better communication to customers on"what they need to do to challenge decisions, and fairer reviews by banks of these decisions - rather than leaving customers to have to take their claim to the ombudsman". They should also make a complaint to their bank and make a data request to Cifas online to check for a marker, which they can then contest.If that fails, customers could then attempt to make a complaint through the FOS, Which? said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man Utd and Barcelona fined by UEFA for breaches of Financial Fair Play regulationsEuropean giants Manchester United and Barcelona are among the clubs fined by UEFA following breaches of their own Financial Fair Play regulations.
Read more »
Game of Thrones studio tour in Banbridge suffers big financial lossesThe company behind the Game of Thrones studio tour in Banbridge has undergone a significant financial restructuring after a low number of visitors and 'substantial operating losses' last year 🏹
Read more »
China’s war on financial realityAs China’s economic recovery falters, authorities are cracking down on divergent or negative views. For some analysts at Western banks, who are tasked with keeping global clients informed, the backlash is proving painful
Read more »
Telford housebuilder wants to remove financial contribution to education so it can still build roundabout at 'dangerous' junctionA housing developer has asked to change a financial agreement so they can build a roundabout at a ‘dangerous’ Shropshire junction.
Read more »
Man City fans hit back at Man United after Red Devils fined for FFP breachesMan City fans have hit back at Manchester United supporters after the Red Devils were fined for breaches of Financial Fair Play. UEFA’s Club Financial Control Body have slapped United with a …
Read more »
East Renfrewshire health and social care funding gap could hit £20 millionInflation, the impact of covid and rising numbers of children and elderly people are among the factors contributing to the financial challenges.
Read more »