Labour MP Rachel Reeves wants FCA to impose caps on charges to help financially vulnerable customers
The City regulator is being urged to impose caps on charges for unarranged overdrafts to stop financially vulnerable customers being ripped off by their banks.
The Financial Conduct Authority should go further than the competition watchdog, which last week stopped short of issuing mandatory pricing restrictions on banks, according to Rachel Reeves, a Labour MP who sits on the Treasury select committee.
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