European Union Warns Credit Card Companies about Overcharging

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00017859-european-union-warns-credit-card-companie/

The European Commission issued a report on Wednesday stating that consumers and businesses in Europe are paying too much for the priviledge of using a credit card, Reuters reported today.

The report specifically mentions MasterCard and Visa branded credit cards and also forwards the notion of a European Union-wide financial system rather than one based in individual countries.

The European Commission is the executive body of the European Union.

For this complete story, please visit RPT-EU warns credit card companies about overcharging.