Tuesday, February 12, 2008

OFT publishes credit card comparisons report

The Office of Fair Trading
Main findings are below
  • the introduction of an independent credit card price comparison website run by the FSA
  • improvement to how information is presented in credit card issuers' summary boxes
  • standardisation of terminology used by credit card issuers in their product literature, and
  • improvements to consumer education about the benefits of shopping around for a credit card.

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