Banks asked to explain similar 40% overdraft rates
Banks asked to explain similar 40% overdraft rates
The Financial Conduct Authority (FCA) has written to the UK’s biggest banks for an explanation about how they decided new overdraft rates.
Emma Lunn
Tue, 01/28/2020 – 09:28Image
The regulator is introducing new rules, due to come into effect on 6 April, which aim to get rid of confusing overdraft fees for consumers. Its study…