America Bank Card Charge Government

UK Prime Minister Gordon Brown said, “This week we are announcing measures to make the credit card and store card companies clean up their act…”

The Prime Minister’s Office through the number10 website listed some of the key areas of concern to be discussed in a consultation period which runs to 19 January 2010:

  • Changing the rules that set out the order in which debts build up on a credit card are paid off

  • Raising the minimum monthly repayment levels to encourage people to pay off their debt faster