Downing Street Says » Credit Card Meeting

» 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.

No Comments »

No comments yet.

RSS feed for comments on this post.

Post a public comment

Name (required)
E-mail (required)
(You must give an email address, but it will not be displayed to the public.)
Website
(You may give your website, and it will be displayed to the public.)

Comments:

This is not a way of contacting the Prime Minister. If you would like to contact the Prime Minister, go to the 10 Downing Street official site.

Privacy note: Shortly after posting, your name and comment will be displayed on the site. This means that people searching for your name on the Internet will be able to find and read your comment.

Original PMOS briefings are © Crown Copyright. Crown Copyright material is reproduced with the permission of the Controller of HMSO and the Queen's Printer for Scotland. Click-use licence number C02W0004089. Material is reproduced from the original 10 Downing Street source, but may not be the most up-to-date version of the briefings, which might be revised at the original source. Users should check with the original source in case of revisions. Comments are © Copyright contributors. Everything else is © Copyright Downing Street Says.