The FCA calls the current UK overdraft market “dysfunctional”.

The Financial Conduct Authority (FCA) has called the current UK overdraft market “dysfunctional” and is calling on banks to explain how they calculated their new overdraft rates – many of which have been raised to 39.99%.

Lloyds is one of the newest banks to introduce interest rates of 39.99%

“We have now seen that the big banks and building societies publish their new interest rates – with most setting very similar rates,” says the regulator. “The FCA was in …

Read more

deel dit bericht

Share on facebook
Share on twitter
Share on telegram
Share on whatsapp




Recent News