FCA consultation paper CP 17/24
Information about current accounts
August 2017
Consideration of current accounts
There have many quite a few interesting consultation papers released by the FCA recently. Dealing with a wide range of subjects. Some have been discussed in the press as they are important subjects close to the hearts of consumers.
One that hit the public imagination was CP 17/24 – information about current accounts. This refers to promoting effective competition by enabling customers to make effective comparisons between providers of personal current accounts (PCAs) and business current accounts (BCAs) based on service, and by incentivising providers to improve service and performance.