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Fca Crackdown On Uk Overdraft Fees - Latest News


FCA crackdown on UK overdraft fees

The Financial Conduct Authority has stated its plans for a complete overhaul to the UK’s overdraft fees, chief executive for the country’s financial watchdog claiming the current system that both ... read more

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Under fire FCA gets back on front foot with overdraft crackdown

This sort of policy work can take time (overdraft fees have been a sore point for years), but the FCA is, as a rule, fairly good at it. Campaigners I have spoken to have also given it high marks for ... read more

FCA cracks down on banks’ big overdraft fees

Steep overdraft fees for accidentally moving into the red are to be phased out under new rules imposed by the Financial Conduct Authority (FCA). From April 2020, all banks and building societies will ... read more

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Overdraft fee crackdown: the worst offenders among top accounts

The Financial Conduct Authority (FCA) today announced a major shake-up of overdraft charges, aimed at fixing a “dysfunctional” market earning banks £2.4bn a year. Overdraft fees vary widely. Even if ... read more


Tandem says FCA Crackdown on Overdraft Fees is Long Overdue

Challenger Bank Tandem issued a statement saying it was about time: “The FCA’s crackdown on overdraft fees is long overdue ... consumers and adding to the debt spiral many people in the UK ... read more

New crackdown on high-cost credit charges

FCA chief executive Andrew Bailey said: "High-cost credit is used by over three million consumers in the UK, some of who are ... option of banning fixed fees. Mr Bailey added: "Our immediate proposed ... read more

Banks could be banned from charging higher fees for unarranged overdrafts as part of crackdown on high cost credit sector

The City watchdog has proposed radical changes to overdraft fees charged by banks ... no means a silver bullet to stop the UK’s costly debt problems.” Final reforms will be published in June next ... read more

Ban on overdraft fixed fees planned by regulator in a "radical" crackdown on banks' punitive charges

Banking customers will no longer be shown daily or monthly fees for overdrafts in a new crackdown by the ... chief executive of the FCA says: “Today we are proposing to make the biggest intervention ... read more

Here's what an overdraft fee crackdown could mean for UK neobanks

The effectiveness of this intervention makes it likely the FCA will take similar action toward unarranged overdraft fees. Given that Lloyds Bank proactively introduced a flat fee for unarranged ... read more

Banks face crackdown on rip off overdraft charges as FCA brings hammer down

Britain’s banks took a well deserved kicking from the Financial Conduct Authority (FCA ... time on the rip-off overdraft charges that act as lead weights tied to the ankles of those who are ... read more

Millions of households could see the cost of debt fall as the financial watchdog launches a crackdown on high-cost credit and overdraft fees

Millions of households who use overdrafts and high-cost credit could gain greater protections after the watchdog today announced a crackdown on lenders. The changes proposed by the FCA are designed .. ... read more



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