The British government will investigate bank account closures.

Britain’s finance minister, Andrew Griffith, will meet with major lenders to investigate concerns that banks have cancelled customer accounts over political views.

The letter urged banks and fintechs to take action to ensure customers don’t lose access to services over their views.

The government has proposed measures requiring banks to provide more notice and explanation for account closures.

The letter urged banks to preserve consumers’ legal freedom of expression and ensure clients can open accounts without fear of being “de-banked” for their lawful opinions.

UK law prohibits lenders from “tipping off” suspected financial criminals, which lawyers worry may put banks in a tough position.


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