§ Mr. LazarowiczTo ask the Secretary of State for Trade and Industry if she will introduce measures to require credit card providers to include a comparative box in their marketing material setting out the key features and costs of the credit cards they provide. [92565]
§ Miss Melanie JohnsonA review of the Consumer Credit Act was announced in July 2001 and as part of this review I will be publishing a consultation on the simplification of the credit advertising regulations.
In preparation for that, my Department is in regular discussion with the credit industry and consumer bodies on the calculation and advertising of APRs on credit cards, and the provision for other key information.