UK banks asked to explain 40% overdraft rates

UK banks asked to explain 40% overdraft rates

UK’s financial regulator, Financial Conduct Authority (FCA), has asked Britain’s biggest banks to explain how they have decided their new overdraft rates. Santander, Lloyds Banking Group and HSBC and several others are set to bring in a 39.9% rate this year. The FCA has also asked how the banks will deal with any customers who could be worse off following the changes.

Rhokanth 3 months

Remember when Christianity opposed interest?

npc8472 3 months

Banksters will be banksters.

michael zubas
michael zubas 3 months

Usury must end.

Dave 3 months

Explain them? They're bankers.

anthony 3 months

WTF! How'd they come up with that number?

Craig 3 months

a bank bilking customers??? how could this happen? ha ha ha ha ha ha ha.

TehChuckles 3 months

In the generation of Consume now, Think later. this is going to screw up some drunk kids high.

Dawlben 3 months

Can they turn off overdraft on their accounts?

White mana matters
White mana matters 3 months

What the actual f?

..... 3 months

It's long overdue since the last time bankers were rounded up and hung.

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