UK watchdog questions future of unarranged bank overdrafts

LONDON (Reuters) - Britain's financial watchdog said on Monday that fundamental reform of unarranged overdrafts was needed as it had "significant doubts" about whether they could continue in their current form in any modern banking market.

from Reuters: Top News http://uk.reuters.com/article/uk-britain-credit-regulator-idUKKBN1AG0JQ?feedType=RSS&feedName=topNews