Overview
- La France insoumise announced an online petition opposing the end of automatic overdrafts and reported more than 15,000 signatures within hours.
- The party also filed a bill to establish a right to overdraft and to eliminate what it calls abusive fees, urging that repeal be scheduled for debate in the National Assembly.
- Under an EU directive adopted after a near‑unanimous European Parliament vote and ratified in France by presidential ordonnance in September, overdrafts will be treated as consumer credit from November 20, 2026.
- The rules require formal authorisation for overdraft requests, a solvency assessment, and clear disclosure of credit costs.
- LFI cites figures that over 22% of French people are overdrawn by mid‑month and accuses the Socialist Party and Rassemblement National of abstaining on the Assembly’s transposition vote, even as both groups backed the directive in Brussels.