Submitted on Wednesday 5th July 2023
Rejected on Tuesday 11th July 2023
Current status: Rejected
Rejection code: duplicate (see below for details)
To pass a bill prevent financial institutions unfairly cancelling customers.
For financial institution to cancel customer accounts because they do not like the views of the customer or for any reason they cannot fairly defend in court is to make that person's or businesses's life untenable. Therefore there should be a law to prevent it.
In the modern world it is almost impossible to to live a normal life without being able to accept money by electronic transfer and pay for goods using a debit card. To restrict any business or person by not allowing them access to banking is a basic restriction of human rights that allows powerful organisations to wield power over their customers that is disproportionate. The bill shouldmalso allow for reinstatement of those unfairly cancelled because of their views.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
You may wish to sign this petition which calls for a similar action:
petition.parliament.uk/petitions/640488
Require banks to give a specific, contestable reason before closing an account
3.144.25.230 Thu, 07 Nov 2024 16:42:09 +0000
