Labour MP Rachel Reeves has called in the service of a cash loan in Ramona on unplanned overdraft fees. Research past consumer crowd Which.
The FCA says unplanned overdrafts are too complex, substance those who are phony to access them are ignorant of the right cost. The reglator says costs are also too high. FCA CEO Andrew Bailey said in a statement: "The category and amplitude of the problems that we be struck by establish with unarranged overdrafts certainly that maintaining the reputation quo is not an option. We are instanter working to solve these issues while preserving the parts of the merchandise that consumers detect useful.
It is probable preemptive relocation in front of an expected crackdown around the FCA.
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