Which? responds to the FCA’s action on the overdraft market

Gareth Shaw, Head of Money, Which?, said:
“Which? has campaigned for years for an end to these rip-off unarranged overdraft fees, some of which were found to be drastically more expensive than a payday loan.

“This strong action from the regulator will come as a huge relief to those people who’ve been regularly hit with such extortionate charges. The changes can’t come soon enough.”