§ Mr. Jesselasked the Secretary of State for Trade and Industry whether he will propose legislation or make other arrangements for the true rate of interest charged to be stated on accounts rendered for use of credit cards.
§ Mr. EmeryLegislation now being prepared will require all agreements for consumer credit, including those for the issue and use of credit cards, to disclose208W the true rate of charge. I believe that this will provide appropriate proteotion for the customer.