Wednesday, July 16, 2008

OFT slams high street banks over 'complex' current accounts

By Paul Farrow Last Updated: 8:40am BST 16/07/2008

The Office of Fair Trading has attacked Britain's high street banks for generating more than £8bn a year from current accounts that are too complex and fail to offer customers transparency.
The OFT said that banks are raking in £8.3bn a year from complex current accounts which customers do not understand.

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