News and Announcements

FCA questions banks over higher overdraft rates

By Sean Farrell

Date: Tuesday 28 Jan 2020

(Sharecast News) - The Financial Conduct Authority has asked the big banks to reveal how they arrived at new overdraft rates of about 40% and to show how they will help affected customers after criticism of its rule changes.
The City regulator has banned high, often confusing fees for unarranged overdrafts...

Sign up for free or to read the full story

Email this article to a friend

or share it with one of these popular networks:


Article Archive

Top of Page