By Abigail Townsend
Date: Tuesday 18 Dec 2018
(Sharecast News) - The Financial Conduct Authority is cracking down on the UK's "dysfunctional" £2.4bn overdraft market, including banning banks from charging higher fees for unauthorised borrowing.
The financial watchdog said that in 2017, banks made £2.4bn from overdrafts, with around 30% coming from unarranged overdrafts; in 2016, more than 50%...
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