financial rights

Latest news and articles about financial rights from NEX English

Central Bank Defines 16 Cases for Exempted Amounts from Seizure

The Saudi Central Bank has issued a circular outlining 16 cases of amounts exempt from seizure due to court orders, including 13 cases that do not affect customer deposits. This follows a complaint from a citizen against a local bank for exceeding the legally defined deduction percentage.

Introduce new laws to simplify subscription cancellations in UK

The UK government has announced new laws aimed at simplifying the cancellation of unwanted subscriptions, potentially saving consumers around £170 annually. These laws are set to come into effect in the spring of 2027.