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December 20, 2018

The CMA Publishes Response to the Citizens Advice Super-Complaint on Excessive Prices for Disengaged Consumers

The Competition and Markets Authority (CMA) has published its response to the Citizens Advice super-complaint on excessive prices for disengaged consumers. The super-complaint covers several markets, including insurance, cash savings and mortgages. It said: “The issue of longstanding customers being charged more for some financial products than new customers is a priority for the FCA. […]

Update on the FCA’s High-Cost Credit Review

The Financial Conduct Authority (FCA) has today announced the next package of measures forming part of its high-cost credit review. It has announced proposals to change how banks charge for overdrafts, which would bring to an end to banks charging higher prices for unarranged overdrafts. Alongside this the FCA has published the results of its review […]