Hans Zenger, Dec 10, 2012
In recent years, regulators in the UK, Germany and elsewhere in Europe have increasingly voiced concerns over high borrowing costs on consumer current accounts resulting from overdrafts. Interest rates regularly exceed 10% and are sometimes considerably larger than banks’ costs of funds. The UK Office of Fair Trading (OFT), in particular, has repeatedly argued that competition between retail banks on overdraft interest rates is not effective, especially with regard to unauthorized overdraft charges. Currently, regulatory intervention is considered both in the UK and Germany, with market studies and regulatory initiatives under way.
Links to Full Content
Featured News
Lawmaker Probes FTC and EU’s Role in Amazon’s Failed iRobot Acquisition
May 2, 2024 by
CPI
FTC to Approve Exxon’s $64 Billion Deal with Pioneer Resources, Excludes
May 1, 2024 by
CPI
UK Competition Watchdog Raises Alarm Over Nvidia’s ARM Takeover
May 1, 2024 by
CPI
Sen. Klobuchar Urges Regulators to Probe Collusion in Healthcare Pricing
May 1, 2024 by
CPI
Multiple States Join Tennessee’s Antitrust Lawsuit Against NCAA Over NIL Rules
May 1, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI