FCA tells banks to simplify overdraft charging

December 18, 2018 0

The Financial Conduct Authority has today announced some wide ranging proposals to overhaul the overdraft market. The key changes it is looking for are: Ensuring the price for each overdraft will be a simple, single interest rate – no fixed daily or monthly charges. Tackling Read More

FCA intervention on overdraft charging is long overdue

May 31, 2018 0

Following today’s FCA announcement that the way the banks operate and charge for overdrafts needs  fundamental reform, Andrew Hagger of Moneycomms looks at how some customers with the big banks are paying way over the odds for agreed overdrafts. An overhaul of bank overdrafts is Read More

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