FCA publishes PS19/25: Overdraft pricing and competition remedies

The Financial Conduct Authority (FCA) has published policy statement PS19/25: Overdraft pricing and competition remedies. This follows the FCA’s publication of the Overdraft pricing policy statement (PS19/16), which made rule changes to the way banks and building societies charge for overdrafts; the FCA’s consultation paper CP19/18, which set out the FCA’s proposals on further rules relating to overdrafts; and chapter 7 of CP18/42, which contains a PS on the FCA’s overdraft competition rules. All form a package to reform the overdraft market and improve competition amongst overdraft providers. 

Source: https://www.fca.org.uk/publication/policy/ps19-25.pdf

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