Treasury Select Committee Inquiries

Following a lengthy inquiry into transparency of credit card charges in 2003 and 2004, the industry implemented a number of improvements to the way credit cards are marketed. These were updated in 2006.
All these measures were incorporated into the Banking Code published in March 2005.

Best Practice Guidelines (2006) (covering - Credit card Summary Box, Cardholder statement Summary Box, Credit card cheques guidelines and Summary Box, Credit card limit increases, Minimum repayment health warning, Debt advice health warning, Direct sales of credit cards, Data sharing, Internet guidelines for merchant acquirers, Interchange waiver on charitable donations and Recurring transactions)