The People's Chamber
ISSUE 80
JUN 19-25, 2026
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UK Parliament · Public Bill · No. 1986

Unauthorised Overdrafts (Cost of Credit) Bill

[As Introduced]
A
BILL
to

This bill aims to regulate the cost of unauthorised overdrafts by limiting how much interest and fees banks can charge when customers spend money they don't have without agreeing to an overdraft first. It's designed to protect people from very high charges when they accidentally go overdrawn.

Presented by Rachel Reeves.
HybridLords
Official Ballot · The People's Chamber

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The people's count15 votes
100% Aye · 150% No · 0
MPs' voteNot yet divided
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Bill passage

Commons

  • 1st reading25 Apr 2017
  • 2nd reading