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Overdraft fees

EDM (Early Day Motion) 191: tabled on 13 February 2020

Tabled in the 2019-21 session.

This motion has been signed by 19 Members. It has not yet had any amendments submitted.

Motion text

This House notes with concern proposed changes to overdraft fees for individuals and businesses due to be implemented in April 2020; further notes that this would lead to substantial increases in fees for both arranged and unarranged overdrafts; recognises the need to simplify overdraft fees and however notes with concern how financial providers have used directives by the Financial Conduct Authority to maximise profits; and calls on the Treasury and the Financial Conduct Authority to urgently review the new pricing structure of overdrafts by UK banks and intervene to ensure fairness for consumers and businesses before the new financial year.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

There are no withdrawn signatures for this motion.