What happens when your bank dumps you
The Decibel
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The Debanking Dilemma in Canada
This chapter explores the increasing trend of Canadians facing debanking, driven by stricter regulations and heightened scrutiny on suspicious activities. It discusses the rise in suspicious transaction reports and the disconnect between the number of complaints from affected individuals and the banks' responses. Additionally, the chapter highlights the challenges faced by people who are unfairly flagged as high-risk, illustrating the complexities of navigating banking services in Canada.
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