UK Court Sides with Credit Card Companies on Fee Ruling

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

Written by: Unknown Author –

http://www.insidearm.com/news/00010791-uk-court-sides-with-credit-card-companies/

UK consumers using credit cards abroad should not be covered by UK payment protection rules, a court has ruled.

The High Court has said Section 75 of the Consumer Credit Act 1974 does not apply to overseas purchases.

Under the rule, shoppers have the right to claim against the card issuer if a purchase is unsatisfactory, faulty, or the seller refuses to compensate them.

The Office of Fair Trading (OFT) asked the court for an official ruling, as some lenders were refusing to pay out.

The OFT has argued the rules should cover transactions made abroad or on goods purchased from overseas suppliers through the internet, over the telephone or via mail order – and not only on goods bought in the UK or from UK-based shops.

For this complete story, please visit UK Court Sides with Credit Card Companies on Fee Ruling.

UK Court Sides with Credit Card Companies on Fee Ruling

Unknown Author

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