Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what steps his Department is taking to make consumers aware of the forthcoming changes being implemented through the Open Banking standard and the Second Payment Services Directive.

The Open Banking Implementation Entity (OBIE) is ensuring that consumers are aware of the Open Banking project, delivering communications through both its website and planned media engagements. We would expect the OBIE to work together with other interested parties, including the Financial Conduct Authority, third party providers, the banks and the Treasury as they develop their plans.

The Second Payment Services Directive also introduces an automatic ban on debit and credit card surcharging. The Department for Business, Energy and Industrial Strategy has published consumer guidance on the implementation of the surcharging ban.