Britain to investigate USD250 b credit card market


(MENAFN) Britain"s financial watchdog said that it plans to investigate the USD250 billion credit card market to assess if people in financial trouble are being treated fairly, according to Oman Observer



The announcement was revealed after the Financial Conduct Authority (FCA) took over supervision of Britain"s consumer credit market



The watchdog aims to explore whether competition in this market was working effectively for consumers, especially those in difficult financial situations


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.