Correspondence: CMA takes action against Metro Bank for breaching Part 7 of the Retail Banking Order | GovWire News

Correspondence: CMA takes action against Metro Bank for breaching Part 7 of the Retail Banking Order

⌂Back To Homepage Subscribe To RSS Feed

Competition Markets Authority

July 22

08:57 2022

Print This Article Share it With Friends

Created by Competition Markets Authority 0 comments

CMA letter to Metro Bank about a breach of the Retail Banking Order

PDF, 122 KB, 2 pages

Details

Part 7 of the Retail Banking Order requires banks and building societies to specify the Monthly Maximum Charge (MMC) that could accrue in relation to a Personal Current Account (PCA) in any month as a result of exceeding or attempting to exceed a pre-agreed credit limit on a PCA. Metro Bank breached Part 7 of the Order by charging 92 customers more than its 60 MMC.

Metro Bank has refunded affected customers and has taken steps to prevent a recurrence.

Published 22 July 2022

Help us improve GOV.UK

Dont include personal or financial information like your National Insurance number or credit card details.

What were you doing?

</textare
								</p>
								<div class="spacer-break-4 with-icon" style="background-color:#e6e6e6;color:#e6e6e6;"><span class="icon-text"></span></div>
								<p class="original-link"><a href="https://www.gov.uk/government/publications/cma-takes-action-against-metro-bank-for-breaching-part-7-of-the-retail-banking-order" target="_blank">View the original news story</a></p>
								<div class="spacer-break"></div>
							
							</div>
						</div>

<div class="main-nosplit">
							<div class="article-share-bottom">
								<div class="addthis_sharing_toolbox"></div>
								<div class="clear-float"></div>
							</div>
						
						</div>

<div class="content-article-title">
							<h2>Related Articles</h2>
							<div class="right-title-side">
								<a href="#top"><span class="icon-text"></span>Scroll Back To Top</a>
								<a href="/news/competition-markets-authority"><span class="icon-text">📄</span>More Articles</a>
							</div>
						</div>

<div class="related-block">
							
							
							<ul class="article-array">
							<li><a href="/news/competition-markets-authority/correspondence-cma-takes-action-against-lloyds-banking-group-for-breaching-parts-3-and-8-of-the-retail-banking-order-18801">Correspondence: CMA takes action against Lloyds Banking Group for breaching Parts 3 and 8 of the Retail Banking Order</a><span>Friday, 22 Jul</span></li><li><a href="/news/competition-markets-authority/correspondence-cma-takes-action-against-the-co-operative-bank-for-breaching-part-3-and-article-56-of-the-retail-banking-order-59869">Correspondence: CMA takes action against the Co-operative Bank for breaching Part 3 and Article 56 of the Retail Banking Order</a><span>Tuesday, 15 Aug</span></li><li><a href="/news/competition-markets-authority/correspondence-cma-takes-action-against-natwest-for-breaching-part-3-and-part-8-of-the-retail-banking-order-59870">Correspondence: CMA takes action against NatWest for breaching Part 3 and Part 8 of the Retail Banking Order</a><span>Tuesday, 15 Aug</span></li><li><a href="/news/competition-markets-authority/correspondence-cma-takes-action-against-hsbc-for-breaching-part-5-of-the-retail-banking-order-57555">Correspondence: CMA takes action against HSBC for breaching Part 5 of the Retail Banking Order</a><span>Tuesday, 25 Jul</span></li><li><a href="/news/competition-markets-authority/correspondence-cma-takes-action-against-tsb-for-breaching-part-5-of-the-retail-banking-order-57556">Correspondence: CMA takes action against TSB for breaching Part 5 of the Retail Banking Order</a><span>Tuesday, 25 Jul</span></li>
							
							</ul>
							<div class="split-line"></div>

</div>

<div class="content-article-title">
							<h2>Comments</h2>
							<div class="right-title-side">
								<a href="#top"><span class="icon-text"></span>Scroll Back To Top</a>
								<a href="#writecomment"><span class="icon-text">✎</span>Write Comment</a>
							</div>
						</div>

<div class="comment-block">
							
							<ol class="comments">
								<li><p class='nocomments'>We don't have any comments for this article yet.  Why not join in and start a discussion.</p></li>
							</ol>

</div>
						
						<div class="content-article-title">
							<h2>Write a Comment</h2>
							<div class="right-title-side">
								<a href="#top"><span class="icon-text"></span>Scroll Back To Top</a>
							</div>
						</div>

<div class="comment-form">
							<form action="" method="post" id="writecomment">
							<input type="hidden" name="post_id" id="post_id" value="18800" />
							<table>
								<tr>
									<td><b>Your name:<br><input type="text" placeholder="My name" name="comment_name" id="comment_name" value="" /></td>
									<td><b>Your email:<br><input type="text" placeholder="My email address" name="comment_email" id="comment_email" value="" /></td>
								</tr>
								<tr>
									<td colspan="2"><b>Comments:</b><br><textarea id="comment_txt" placeholder="Your comments…">

Post my comment

Ministerial Departmental News

News Calendar

Recent Comments

Follow Us on Twitter

Tweets by @gov_wire