“FCA must use its review of high-cost short-term credit to tackle these exorbitant charges” – Which? response to APPG announcement on overdraft charges

Vickie Sheriff, Which? Director of Campaigns and Communications, said:

“Which? has repeatedly found that people with a financial shortfall can be charged much more by the big high street banks for using an unarranged overdraft than they would by a payday loan company. The Financial Conduct Authority must use its review of high-cost short-term credit to tackle these exorbitant charges.”

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