A Bill to require the Financial Conduct Authority to make rules restricting the cost of credit for unauthorised overdrafts on bank accounts in certain circumstances; and for connected purposes.
This bill would require the Financial Conduct Authority to set rules that limit the cost of unauthorised overdrafts on bank accounts in certain circumstances. It aims to make overdraft charges fairer and more predictable, particularly for people who rely on overdrafts, and to give the FCA power to address related consumer protections.
The Bill is at its 2nd reading in the House of Commons. If it progresses, it would move to committee stage for detailed scrutiny.
Generated 21 February 2026
This Bill was expected to have its second reading debate on Friday 12 May 2017.
However, as a General Election has now been called and Parliament will be dissolved from 3 May 2017, the Bill falls and no further action will be taken.
No recorded votes for this bill yet.
