Money news

Page 52

The Government proposes new laws requiring card issuers to assist in reducing consumer debt. But they could double minimum monthly payments.

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Controversy for Lloyds TSB after being caught out encouraging their customers to use their credit cards for gambling.

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2 million Airmile members will have to start collecting Airmiles again or face their current pot of points expiring.

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Credit card companies are to share more information about customers in a proposed bid of more responsible lending and to stop people from becoming over indebted.

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In light of meetings between card company representatives and the Government, card companies have now come forward with a pledge to stop overnight rate hikes.

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Worryingly in time for Christmas, high street favourite Argos is peddling a 'wicked' credit card - termed by Lib Dem Vince Cable.

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The Halifax has updated the terms and conditions of their credit card to halve the required minimum repayment amount.

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Barclaycard are under fire for postal letters encouraging cardholders to withdraw cash on a credit card - one of their most expensive uses.

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Speculation into whether banks will recoup loses from cost cutting regulation by putting up rates and fees elsewhere.

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Easyjet have become Europe's first budget airline to offer an air miles reward scheme.

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