Competition Commission 'Concerns' Over Store Cards
Competition Commission says the store cards market may be 'detrimental' to customers
12th January 2005
The Competition Commission has said that the early signs in its investigation of the store cards market are not encouraging, and that competition in the market may not be functioning correctly.
The commission stresses that this is only early 'emerging thinking' and that initial findings will not be published until April.
Potential concerns the commission found include insufficient pressure on interest rates and other charges, and a lack of choice in the insurance services bundled with the cards.
Read More: BBC Report
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More on Store Cards : New Rules on Store Cards (News, 07/03/2006), Lack of Competition Makes Store Cards Too Expensive (News, 15/09/2005), Store Cards : Staff Ignorant of Costs (News, 02/12/2004), Store Cards Inquiry - More Details (News, 22/09/2004), Store Cards Probe (News, 18/03/2004), See all 7 Store Cards stories >>> |
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