Labour is tightening the rules around debanking to protect customers in light of Nigel Farage’s high-profile row with NatWest, requiring banks to explain closure decisions in writing and allow them to be challenged.
Back in March, the Government announced new rules to put an end to 'debanking'. But it seems the Conservatives never got round to actually bringing them into force – and now the election has killed them off.
Nigel Farage has vowed to make life "very difficult" for new NatWest Chief Executive Paul Thwaite until he receives a "fuller apology" following the debanking row.
Complaints about bank account closures have surged by 20% in the wake of the Nigel Farage debanking scandal, new figures show.
The crisis at NatWest has deepened after a profit warning sent shares in the taxpayer-owned lender plunging and the City watchdog launched a review into its handling of the Nigel Farage debanking fiasco.
Bosses at NatWest are facing calls from Nigel Farage to suspend staff who joked about wanting to "throw a milkshake" at him after a document revealed staff boasting about having "driven him out of the country".
What if CBDCs are not the threat to liberty their critics think? What if CBDCs will actually protect us against the overreach of private companies like PayPal, not make things worse?
The Financial Conduct Authority has been criticised after its review uncovered no evidence that politicians are being denied bank accounts because of their views.
Figures obtained under a Freedom of Information request show that U.K. bank accounts are vanishing at a record pace, leaving thousands of innocent customers financially stranded.
Nigel Farage has continued his account closure crusade with the launch of a new website to help the 'debanked'.
