Competitions watchdog secures millions in refunds
Lender breached overdraft rules
The financial regulator is consulting on new proposals to help customers during the coronavirus pandemic
UK banks waive overdraft fees or increase fee-free buffers to help customers during the coronavirus pandemic
Financial providers pledge support to customers affected by the coronavirus outbreak
Recent changes to overdraft fees could drive up the cost of borrowing for some customers
Millions of people could be sleepwalking into paying over the odds in overdraft fees.
The Competitions and Markets Authority has ordered Nationwide to refund customers following a breach of overdraft rules.
The Financial Conduct Authority (FCA) has written to the UK’s biggest banks for an explanation about how they decided new overdraft rates.
Customers with Lloyds Banking Group will see their overdraft rates more than double in some cases