U.K. Banks Face Cap on Overdraft Fees, Regulator SaysBy
Regulator issues provisional findings following investigation
Probe was extended after lawmakers called first attempt ‘lazy’
Given a second chance to get tough on banks, the U.K. antitrust regulator outlined a cap on fees on customers who spend more than they have in their checking accounts, a proposal criticized as too little, too late by consumer groups.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.