Review of credit card interest rates

The Treasury and Department for Business is asking experts in the field for their views on how the cost of credit cards can be made fairer as part of a review of consumer credit.  The review will help inform the government’s proposals on changes in consumer credit which will be published in 2011.

The review will also include bank charges – i.e. the charges for going over your overdraft or payments bouncing. We’ll let you know as soon as they release any results from the review.

What are your views on this issue?