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This inquiry was purportedly conducted by the University of Bristol’s Personal Finance Research Centre and found that some 28 million personal bank accounts do not currently offer such a functionality while those that do require improvements so as to provide greater levels of protection. He stated that these include the development by the Financial Conduct Authority of legal and regulatory conditions that would encourage the industry to develop a range of consumer spending controls. Although these account for around 49 million personal current accounts, the source detailed that the investigation moreover found that three such facilities may be instantly switched off while others can be easily defeated by those determined to gamble....

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