Cap failed payment fees for individuals and small businesses
Introduce legislation to cap fees associated with declined direct debit and late payments so that do not exceed the administrative cost of handling the late payment. We also call on the Government to require grace periods and fair payment alternatives for those unable to pay.
React
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Similar motion
Ban Bank Fees on Card Payments
We want the Government to ban banks and payment providers from charging transaction fees on card payments. If society is moving towards a cashless future, we think digital payments must be free and fair for consumers and businesses, not a hidden source of profit for banks.
Cap failed payment fees for individuals and small businesses
Introduce legislation to cap fees associated with declined direct debit and late payments so that do not exceed the administrative cost of handling the late payment. We also call on the Government to require grace periods and fair payment alternatives for those unable to pay.
React
Where do you stand on this motion?
See what others are saying
Members can read every reason.
Similar motion
Ban Bank Fees on Card Payments
We want the Government to ban banks and payment providers from charging transaction fees on card payments. If society is moving towards a cashless future, we think digital payments must be free and fair for consumers and businesses, not a hidden source of profit for banks.