UK financial watchdog questions banks on overdraft pricing
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LONDON (Reuters) - Britain's Financial Conduct Authority (FCA) said on Tuesday it had requested further information from banks about overdraft pricing, following moves by some banks in recent weeks to significantly raise their rates.The UK watchdog said it has been in regular contact with major banks and asked them on Tuesday to provide evidence of how they have arrived at their pricing decisions.Several major banks have said they plan to more than double rates on some of their overdrafts to..