Media: BBC
What happened?
The news
explains how the overdraft cap affects to the accounts and the charges and if
it should be a limit or not.
Whom and where it affects?
This theme
affects to the banks and to the customer of the bank.
What sort of public or private institutions are
involved?
The
institutions implicated in this news are the FCA, CMA.
Why is it important for Banking and Finance?
It is
important because if you charge more to the customers, they will consume less.
What do you think will be the consequences in
the foreseeable future?
If the
institutions puts a limit, the costumers will be benefited. If not, the banks
will continue putting the limit and earning more money.
Key words: overdraft, charge, FCA, CMA, loans, fees.
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