Current Account Switch Service (CASS) Remedies Undertakings
The undertakings commit Bacs to make changes to the CASS required by the CMA retail banking market investigation.
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The Competition and Markets Authority’s (CMA) retail banking market investigation identified a number of competition problems in both the personal current account (PCA) and small and medium-sized enterprise (SME) banking markets. The undertakings are part of a package of remedies designed to address these problems.