Overboard on Overdrafts: Changes for Consumers Coming Soon

Consumer Protection, Consumer Rights, Consumer Spending, Debt, Debt & Money, Finance, Financial Conduct Authority (FCA), Saving Money / March 21, 2022

With the FCA announcing changes to regulations around overdraft fees and charges, consumers should (in practice) be able to more easily compare the true costs of an overdraft. However, questions still remain regarding whether these changes will benefit consumers or cost them more in the long run. In April 2020 FCA regulations will tighten, meaning …

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