Liberal Democrats in Business

News and views from the Lib Dem Treasury, Trade and Industry Teams and Business Forum

Banks Must Try Harder

4.06.21pm GMT Fri 4th Feb 2005

Commenting on the release of the Treasury Select Committee Report, Liberal Democrat Treasury Spokesman, Norman Lamb MP, said: "This report acknowledges that significant progress has been made but there is still a long way to go. I have concerns about the scale of charges for breaching overdraft limits and missing payment deadlines.

"The next big issue for banks is to apply the same principles of transparency to bank accounts, where customers are still kept unacceptably in the dark over charges."

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