Deputies from the European Parliament gave their final backing to reforms that will help 150 million Europeans who live outside the Eurozone avoid excessive bank charges when they make cross-border payments.

According to the new rules, banks should charge equally for cross-border payments in euro and domestic payments to make currency conversion costs transparent.

The move to adopt the new rules was adopted by a 532-22 margin, with 55 abstentions, The new rules will end market discriminati...

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