CMA seeks feedback on FCA overdraft proposals

Regulatory Updates | 01/07/19

The Competition and Markets Authority (CMA) is seeking feedback on the publication of the FCA’s proposals on overdraft alerts and charges, and whether this publication constitutes a change of circumstances such that, when the proposals come into effect on 18 December 2019, Part 6 of the Retail Banking Market Investigation Order 2017, which delivers the programme of overdraft alerts with grace periods for PCA customers, will be effectively superseded. Consultation ends: 22 July 2019.