‘Hidden’ credit card charges to be banned in 2012

The Government plans to stop companies charging “excessive" fees when customers use a debit or credit card to make purchases such as holidays and flights. The Government plans to publish a consultation early next year and are aiming to introduce legislation before the end of 2012. The Office of Fair Trading (OFT), which enforces both consumer protection and competition law in the UK, said the fees, often added in the final stages of a transaction, should be blocked for debit cards and credit cards. The government proposals would still allow businesses to make an additional charge for accepting credit and debit card payments ...