Thursday, April 06, 2006 

Independent: OFT cracks down on 'illegal' penalty fees on credit cards Credit card lenders have been illegally taking more than £300m a year from customers in late payment charges and other penalty fees, the Office of Fair Trading ruled yesterday. The regulator gave the industry until the end of next month to respond to its proposal to limit all such charges to a maximum of £12, less than a third of the penalties currently levied by many leading lenders.
posted by Johnny  @ 8:36 AM 0 comments

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