FCA reveals proposals on overdrafts and other high-cost credit products
‘Radical changes’ planned
"It is clear to us the way banks manage and charge for overdrafts needed fundamental reform" - FCA's Andrew Bailey
The FCA has revealed the next package of measures forming part of its high-cost credit review, including proposals to change how banks charge for overdrafts with a view to ending higher prices for unarranged overdrafts.
Alongside this, the regulator has published the results of its review into the retail banking market , made new rules strengthening the protections for consumers using home-collected credit (doorstep lending),...
More on Regulation
Connaught fund operator censured by FCA and enters liquidation
Inadequate due diligence
FCA expands exec team with four female appointments
Restructure at regulator
FCA hands £3.4m back to unauthorised investment scheme victims
Digital Wealth and Outsourcing Express raised over £15m
FOS partially upholds ongoing advice complaint against TenetConnect
Pension switch glitch
Back to Top
More news
Nucleus encourages shareholders to vote for James Hay deal on 30 March
Vote on £145m deal
Watch the 2021 PA Awards online on 11 March
Save the date
Leigh Day takes first formal step against Link on behalf of Woodford investors
Alleges Link "mismanaged" WEIF
Kirsty Anderson: Stress testing the cashflow model
When was the last time you reviewed your processes?
Chris Budd: Considering afterlife and client objectives
What life memory would you choose?
