KM Financial Solutions | UPDATE 3-Britain’s banks ordered to explain overdraft rates or face punishment
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UPDATE 3-Britain’s banks ordered to explain overdraft rates or face punishment

UPDATE 3-Britain’s banks ordered to explain overdraft rates or face punishment

Britain’s banks have two weeks to
explain changes to their overdraft pricing that will leave about
8 million consumers worse off, the Financial Conduct Authority
(FCA) said, warning that those causing harm will face regulatory
action.

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