Queen Directly Addresses Credit Card Crackdown in Speech

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00009141-queen-directly-addresses-credit-card-crac/

A crackdown on credit card companies and unscrupulous money lenders was announced in the Queen?s Speech today.

With credit card debt nearing Â£60bn ($112.7 billion) in Britain, laws will be updated to give consumers greater protection from unfair lending practices.

It will give consumers more rights and make it easier for them to take unscrupulous lenders to court.

Lenders will be forced to provide customers with annual statements clearly setting out their credit agreements. The Office of Fair Trading will be given new powers to shut down the worst companies.

For this complete story, please visit Queen of England Directly Addresses Credit Card Crackdown in Speech.

Queen Directly Addresses Credit Card Crackdown in Speech

Unknown Author

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