Charity Commission Criticises Debanking of Not-For-Profit Organisations

Published on March 7, 2024

A regulator has criticised banks for closing the accounts of charities, revealing that 42 percent of not-for-profits said they had experienced banking problems. Helen Stephenson, the chief executive for the Charity Commission for England and Wales, told the Financial Times on Thursday, “I cannot tell you how many people we’ve heard of who’ve just had their bank accounts shut with no notice and no indication of what the issues are.” A survey last year by the watchdog of 2,500 charities found that 42 percent had experienced banking problems, Ms. Stephenson said, including difficulty opening new accounts and accounts being frozen without warning. The Charity Commission chief said the survey suggested debanking occurred most frequently with Barclays....

Continue reading on website
Other news

13 Years After Meltdown, Head of Japan’s Nuclear Cleanup Is Probing Mysteries Inside Reactors

March 7, 2024
TOKYO—As Japan prepares to mark the 13th anniversary of its worst-ever nuclear disaster, the man in charge of cleaning it up says his team is fighting to bring a sample out of the heart of the site’s radioactive debris.A decades-long project to clean up the remains of the Fukushima Daiichi nuclear power plant is preparing to remove damaged fuel debris from the plant’s reactors, but much about what

Nationwide Squatter Problem May Be Worsened by Illegal Immigrants: Experts

March 7, 2024
The United States is facing a severe squatter problem, with tenants’ rights laws in some states protecting non-paying individuals who can occupy a property that is not theirs for months or even years.Police in most jurisdictions have adopted a hands-off approach toward this widespread issue amid growing concerns that illegal immigrants entering through the southern border may soon discover how eas