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CMA directs Barclays to fix banned banking practices (small businesses)

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CMA directs Barclays to fix banned banking practices

 

The CMA has directed Barclays to improve its practices after the bank broke rules designed to protect small businesses.

 

The move comes after Barclays told the CMA that it had not complied with aspects of legal undertakings designed to make it easier for businesses to shop around and choose the best accounts for them. The undertakings, which were signed up to by Barclays and other banks in 2002, include a ban on banks insisting that businesses open or maintain current accounts before they are able to access other products.

 

READ MORE HEREhttps://www.gov.uk/government/news/cma-directs-barclays-to-fix-banned-banking-practices


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