FEES AND HANDLING CHARGES

That this House welcomes the Office of Fair Trading investigation into bank charges; notes that this will lead to a test case to establish whether overdraft penalty charges are, in fact, illegal as well as unfair; further notes that other billers such as utility companies, telephone and cable companies frequently adopt similar practices; welcomes the involvement of the Financial Inclusion Taskforce; and expresses its strong hope that such approaches will lead to fair treatment for people on low incomes.