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Barclays to reduce overdraft charges to single digits
Last month saw the eight banks, who include Abbey, Barclays, Clydesdale, Halifax Bank of Scotland, HSBC, Lloyds TSB, RBS NatWest and Nationwide Building Society, lose the first stage of the legal...
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Further delay in bank charges case
Consumers who are looking to reclaim unfair overdraft charges will now have to wait a further six months after the Financial Services Authority (FSA) announced today that it is extending the waiver...
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RBS pledge to help SMEs
The Royal Bank of Scotland (RBS) has pledged to small and medium sized enterprises (SMEs) who are suffering as a result of the economic slump. Rising borrowing costs has had an affect on many firms...
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Taxpayer-owned banks pressured to stop overdraft fees
Banks are under pressure to back down from their multi-million pound court appeal in favour of overdraft charges. The banks are currently appealing a High Court ruling from last April that allowed the...
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RBS cuts overdraft charges ahead of Supreme Court decision
Royal Bank of Scotland (RBS), which is 70% owned by the Government, has slashed its overdraft charges – ahead of the decision by the Supreme Court over whether or not the Office of Fair Trading (OFT)...
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Santander puts £50 monthly penalty on unauthorised overdrafts
Santander has announced plans to charge customers up to £50 per month for using their unauthorised overdraft. The £5 per day charge, capped at a maximum of £50 in any one month, will apply to new...
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Regulator says free banking should end
A leading financial regulator has blamed the ‘illusion’ of free banking for leading to some products being mis-sold. Andrew Bailey, director of banking services at the Financial Services Authority,...
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Which? calls for action on overdraft charges
Consumer group Which? is calling for unfair overdraft charges to be stopped after finding that charges are too complicated and impossible to compare. Which? asked a number of volunteers to calculate...
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