Overview On 15 May 2007, nine days in advance of its statutory deadline of 25 May 2007, the Competition Commission (the "CC") published its findings in its market investigation into personal current banking services in Northern Ireland. The market investigation was a result of a reference made by the OFT to the CC on 26 May 2005, which followed a supercomplaint by Which ? and the General Consumer Council for Northern Ireland on 15 November 2004. The main issues identified by the CC were that banks charge their customers too much and that there is a lack of innovation in the market. In particular, the CC noted that banks continued to be able to impose higher charges or levels of debit interest, pay lower levels of credit interest, and/or offer lower levels of service and innovation
The UK Competition Authority publishes a market investigation on personal current account banking services in Northern Ireland
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