Big banks warned over baffling charges
A House of Commons Treasury Committee criticised banks over a "lack of transparency" in their presentations of credit card interest rate charges. Rory Cellan Jones reports.
Related News:
John McFall MP, Chairman of Treasury Select Cttee: "A low APR does not mean you are getting the best deal"
Simon Pitkeathley, British Banking Association: "The best brains in banking have yet to find something that provides a standard"
Ashleye Sharpe, Consumers' Association: "Some cards can charge you 70% more than other cards"