In response to today’s publication of “Personal accounts in the UK – a market study” by the Office of Fair Trading, the Chairman of the Financial Services Consumer Panel, David Lipsey, said:
“The OFT report is a devastating indictment of the way the banks charge customers. The present system bears hard on the less well off and the financially strapped while providing free banking for the better off. Transparent pricing is the very least that is needed.”
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