UK Watchdog Says Store Credit Cards Charge too Much

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00004702-uk-watchdog-says-store-credit-cards-charg/

By Santosh Menon, Reuters

British consumers pay up to an extra 100 million pounds ($182 million) each year to store card providers, a competition watchdog said on Wednesday, as it unveiled plans to force greater transparency in the 4.8 billion-pound business. The Competition Commission said it had concluded that there were features in the store cards business that insulated retailers and credit providers from competitive pressures.

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UK Watchdog Says Store Credit Cards Charge too Much

Unknown Author

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