Page 3 - Core Issues Trust News Today

A bank has agreed to pay a ministry thousands of dollars in damages for abruptly closing down the organization's accounts.

Yorkshire Building Society customer's account was closed days after writing to the bank to complain about its messaging during Pride month

Urgent calls to change financial regulations are growing as more people find themselves the victim of banking “cancel culture”, due to their political and social beliefs.

A Christian charity is holding a peaceful demonstration outside the London headquarters of Barclays Bank after it agreed to pay $25,200 (£20,000) in compensation for closing its account. . 

Barclays Bank, a major retail bank in the United Kingdom, has settled a lawsuit brought by the UK-based Christian ministry the Core Issues Trust over the former's decision to suddenly suspend its banking services in 2020.

Barclays is to pay a Northern Ireland Christian group £20,000 in compensation following a row over conversion therapy.

It's not straightforward when banks close Christian ministry business accounts.

"If banks target law-abiding customers because of their Christian faith then we're in a very dark place."

Barclays Bank has agreed to pay £20,000 in compensation and legal costs after closing the bank account of a Christian ministry that offers counselling to people struggling with unwanted same-sex attraction or gender dysphoria.

The trust said that it had received 300 nuisance phone calls and other intimidating messages, including one text threatening to rape and kill staff members’ relatives.