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Why is a bank de-banking a problem?

Other reasons are account inactivity, incomplete information in standard checks, or the bank’s own commercial reasons. The Treasury Committee said it had been looking closely at the issue of de-banking in relation to its inquiry into whether small and medium-sized businesses have adequate access to financing.

Is the government trying to intimidate banks to keep debanking a secret?

The government tries to intimidate banks into keeping the reason for debanking a secret”. The Federal Reserve and the FDIC previously insisted there was no blanket ban on cryptocurrency companies in banking.

Are 'de-banking' complaints rising?

Complaints to the Financial Ombudsman Service (FOS) about account closures, or 'de-banking', have surged by 44% in the past year and more complaints are being upheld, warns Which? Money.

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