» Wednesday, November 26, 2008

Credit Card Meeting

Asked for more details about the credit card companies meeting and what the Prime Minister would like to see emerge from it, the Prime Minister s Spokesman (PMS) told the assembled press that this would be a meeting that the Business Secretary Peter Mandelson and the Consumer Affairs Minister Gareth Thomas would be having with the credit card industry today. The purpose of the meeting was to address the mounting concerns people had that credit card borrowers were not getting a fair deal from some of the credit card companies in the downturn.

Peter Mandelson had been out and about this morning as people would have seen, talking about this meeting. We did want to work with the credit card companies, but there were pockets of what Lord Mandelson described as bad behaviour, such as companies not offering any help or warning to people in some instances, when they found themselves in difficulty. These would be the sorts of issues that we would want to address. We were not saying that every credit card company behaved in a way that the Government and the public found unacceptable, but there were instances of bad practise and we believed that they should be addressed.

original source.

Briefing took place at 11:00 | Search for related news

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