The Competition and Markets Authority has said that bank charges such as overdraft fees may be "cross-subsidising" bank accounts that are free if in credit, and that offering these accounts for free "may distort competition".
The CMA says removing "free if in credit models" may lead to greater transparency and moves towards "more cost-reflective charging structures". Telegraph.
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Franklin Graham preached in Glasgow, launches new fund to defend religious freedom in the UK. Staff writer Franklin Graham preaching at ...
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http://www.telegraph.co.uk/news/politics/8729962/Quango-bosses-double-their-pay.html Good work, 'Dave'!
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