MSE News

Overdrafts

Santander to scrap unarranged overdraft fees on 123 accounts

From July Santander is removing all unarranged overdraft fees on its current accounts that charge monthly fees

25 January 2018

Consumer borrowing slows following Bank of England warnings

Borrowing by consumers on credit cards, loans and overdrafts is slowing down, according to latest figures

26 September 2017

NatWest and RBS hit 'occasional infringers' with daily overdraft fee hike

Natwest and RBS have hiked daily fees for unarranged overdrafts while cutting the monthly maximum customers have to pay

8 August 2017

Guest Comment: FCA on why “fundamental changes to unregulated overdrafts may be necessary”

The FCA's Chris Woolard sets out what the FCA has learned in its review of high-cost credit and where it will focus next

31 July 2017

Overdraft fee drop for millions of Lloyds, Halifax and Bank of Scotland customers

From November, Lloyds Banking Group is simplifying arranged overdraft charges and removing unarranged overdraft fees

12 July 2017

Midnight deadline to register to vote in the general election

Want to vote in next month's general election but not yet on the electoral roll? You have to register by 11.59pm Monday.

22 May 2017

Unarranged overdraft fees can cost bank customers £156 more than payday loans

Unarranged overdraft fees can cost bank customers up to seven and a half times more than borrowing from a payday loans

8 February 2017

Guest Comment: It's time to review all high-cost loans

Andrew Bailey, chief executive of the FCA, explains why the regulator is widening its focus on lending

29 November 2016

Regulator to probe all high-cost lending

Two years on from the payday loan charge cap, the FCA will widen its focus to review all expensive loans

29 November 2016

FCA announces plans to improve current account competition

The financial regulator is to develop prompts and alerts for customers to review bank account choices and overdraft use

3 November 2016

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