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UK banks win Supreme Court test case on overdrafts
Quick ReadUK Supreme Court rules in favor of banks, against customers seeking refund of overdraft fees
LONDON (AP) — Britain's Supreme Court ruled in favor of banks Wednesday in a test case triggered by consumers demanding relief for steep overdraft charges.
The court ruled that the charges should not be subject to regulation by a government agency, the Office of Fair Trading.
Overdrafts allow customers to take out more money than they have, wracking up a negative balance up to a limit...
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