Posts Tagged ‘Consumer Financial Planning Body’

Credit card companies should end ‘unfair practices’

Thursday, October 29th, 2009

New government proposals will force credit card companies to end “unclear and unfair” practices which plunge their customers further into debt. Practices such as increasing customers’ borrowing limits without their permission, and taking interest-only repayments that do not reduce their real debt, will be challenged this month in proposals by consumer minister Kevin Brennan.  The [...]

Credit cards: Our basic guide

Thursday, June 11th, 2009

Credit cards have been under scrutiny this year since the Office of Fair Trading declared that credit card companies and banks were possibly overcharging customers for processing late payments on their accounts. The OFT estimated that processing a late payment costs a financial institution less than £5, while customers were being charged £30 or more in [...]

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