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Almost 8m overdraft customers to be worse off with FCA changes

Almost 8m overdraft customers to be worse off with FCA changes

The Telegraph - By Sam Barker

Almost 8 million overdraft users will be worse off as a result of new rules coming into effect in April, the financial watchdog has said, as Lloyds Banking Group announced some customers would pay rates of up to 50pc. The Financial Conduct Authority (FCA) has ordered banks not to charge customers …

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