Concern over card profits

January 2005
Cabinet Maker;1/14/2005, Issue 5421, p3
Trade Publication
The article reports that retailers and their consumer credit providers have little incentive to cut APRs on store cards white shoppers pay too much for credit insurance, fears the Competition Commission. After a nine-month investigation into store cards, the Commission is seeking further consultation with retailers and companies before it decides if the market is suffering from a lack of competition and needs to be reformed. Store cards have been investigated for 16 months, first by the Office of Fair Trading, and by the Commission since March.


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