Minorities and disabled people not protected from high overdraft charges, says former FCA board member

Vulnerable members of society, including ethnic minorities and people with disabilities, are being discriminated against by banks, a former board member of the Financial Conduct Authority has said.

Mick McAteer, who now runs the Financial Inclusion Centre, says the regulator has failed to protect the people who can least afford it from being charged excessive amounts for unarranged overdrafts.

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