CMA takes action against Barclays for breaching Part 8 of the Retail Banking Order
Published By GOV.UK [English], Fri, Jul 22, 2022 2:57 AM
Part 8 of the Retail Banking Order requires providers of business overdrafts to small and medium-sized enterprises (SMEs) to publish a representative rate for those products. Rates published must be displayed prominently and kept accurate and up to date. Barclays breached Part 8 of the Order by publishing incorrect rates on two of its webpages.
Barclays has corrected the information on its website and has taken steps to prevent a recurrence.
Press release distributed by Media Pigeon on behalf of GOV.UK, on Jul 22, 2022. For more information subscribe and follow