Cut likely on credit card 'tax'
- OFT ordered to pay credit card costs in 'unusual' CAT decision. Begum, Husnara // Lawyer;8/7/2006, Vol. 20 Issue 31, p4
The article reports that in a highly unusual move, Great Britain Office of Fair Trading (OFT) has been ordered by the Competition Appeal Tribunal (CAT) to pay costs to intervener Visa Europe in the high-profile credit card fee arrangements probe. The CAT has also ordered the OFT to pay costs to...
- British Probe of MC Seen Helping Amex. // American Banker;2/6/2006, Vol. 171 Issue 24, p5
This article reports on the United Kingdom Office of Fair Trading investigation of claims that MasterCard International's fees amount to a tax on consumers, especially those who pay cash, because the fees fund reward programs or interest-free teaser rates. Interchange should cover only the costs...
- NO 'GOOD SHOW' FOR CREDIT CARDS IN THE UK. // CardLine;2006, Vol. 6 Issue 6, p23
This article reports on the negative news heard by consumers in Great Britain about the credit card industry. The British Office of Fair Trading (OFT), chief regulator of the payments business, reported it would investigate the interchange rates of MasterCard International. The OFT reported that...
- MasterCard facing new investigation in U.K. regarding interchange fees. N. C. // Asset Securitization Report;2/13/2006, Vol. 6 Issue 6, p15
The article reports that the company MasterCard International Inc. is facing new investigation conducted by the Great Britain Office of Fair Trading (OFT) regarding calculating interchange fees applied to transactions using its credit cards. Previously on September 2005, the OFT has decided that...
- OFT launches MasterCard investigation. // Credit Control;2006, Vol. 27 Issue 1, p49
The article reports that the Great Britain Office of Fair Trading (OFT) has established an investigation into MasterCard International Inc.'s new arrangements for setting the fallback interchange fees that apply to all domestic transactions made using Great Britain-issued MasterCard credit and...
- Industry prepares to fly the kite. // Cabinet Maker;3/15/2002, Issue 5278, p2
Reports the benefits of the Office of Fair Trading (OFT) to the furniture industry in Great Britain. Description of OFT; Enhancement of consumer confidence and industry competitiveness.
- Finance firms forced to rejig credit mailers. Mutel, Glen // Precision Marketing;2/22/2002, Vol. 14 Issue 21, p1
Reports on the possible reorganization of the direct marketing practices of credit card companies as a result of the Great Britain Office of Fair Trading (OFT) review on the use of introductory interest rates. Significance of the review; Statement from the spokesman of the OFT.
- Plastic living on borrowed time. // Marketing Week;9/18/2003, Vol. 26 Issue 38, p3
Comments on the investigation of the Office of Fair Trading on the popularity of store card in Great Britain. Increase of the interest rates; Deployment of store cards as a marketing tool among retailers; Assessment of the economic life of consumers.
- OFT in crackdown on credit card advertising. Singh, Sonoo // Marketing Week;11/20/2003, Vol. 26 Issue 47, p5
Reports that the British Office of Fair Trading plans to curb credit card companies' misleading claims when offering zero percent interest rate on balance transfers in 2003. Consumer complaints about the misrepresentations; Companies that have decided to drop the offering from their advertising...