May 23, 2018

Time to Stop Banks Exploiting Vulnerable Customers

Today I’ve written to the Financial Conduct Authority (FCA) together with supportive MPs calling on them to take action on banks charging extortionate fees for unarranged overdrafts. Whilst these fees are part of banks’ business models, they are almost always massively out of proportion with the actual overspend and hit people already in financial difficulty very hard. The Labour Party is committed to capping these unarranged fees. This is an important step towards protecting …

Continue reading