FCA publishes letter sent to firms about overdraft pricing

On 28 February 2020, the UK Financial Conduct Authority published a letter sent to firms asking for more information about its overdraft pricing in light of the forthcoming rules which will apply from 6 April 2020. The deadline for a response is 10 February 2020.

The FCA has also published a webpage. This says the FCA will be “keeping a close eye on the market” and “will act should we see continued harm”.