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| Kudlow on Capitalism Economic Forum Headed up by Chief CNBC Economist Lawrence Kudlow |
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#1
09-24-2007, 12:13 AM
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Alliance & Leicester ends overdraft interest
Alliance & Leicester is the latest bank to announce changes to the way it will charge customers who go overdrawn in future. From this autumn, overdraft interest will be a thing of the past for all Alliance & Leicester current account customers. The new fees will apply to customers for statements issued from 22 October onwards and A&L's new customers will continue to benefit from free overdrafts in the first 12 months.
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"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." ~Ronald Reagan 
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