Summary
Credit card providers were yesterday ordered to cut the 'excessive' charges imposed on customers who fail to pay their bills on time.
The Office of Fair Trading (OFT) has asked eight major credit card firms to respond to its provisional view that charges of around pounds 20 to pounds 25 are unfair.See the full content of this document
Extract
Credit Card Firms Told to Cut 'Excessive' Fines
The regulator has imposed a three-month deadline on the companies to address its concerns or face the...
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