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UK watchdog rejects lawmakers’ call to ease bank account rules

Britain’s financial regulator, responding to calls by lawmakers to make it easier to open a bank account, said there was no need for banks to ease existing rules.

UK watchdog rejects lawmakers’ call to ease bank account rules
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  • Shared by KYC360
  • June 24, 2019
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Parliament’s Treasury Select Committee published several recommendations in May on improving access to financial services, including requiring banks to relax their restrictions on opening a basic account.

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