Watchdog Takes Pounds 1bn Axe to 'Illegal' Fees of the Credit Card Giants
Daily Mail › November 11, 2004
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Summary
BANKS are fleecing shoppers of Pounds 1billion a year through 'illegal' handling fees on credit card transactions The Office of Fair Trading ruled yesterday that the fees imposed on retailers every time they put a credit card through the till are both unfair and too high.
They are passed on to shoppers through higher prices for anything from a bag of groceries to a restaurant meal.See the full content of this document
Extract
Watchdog Takes Pounds 1bn Axe to 'Illegal' Fees of the Credit Card Giants
The charging regime, which operates under the MasterCard and Visa credit card systems, is filling the coffers of the big banks.
Bu...See the full content of this document
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