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FCA to conduct review of credit cards

credit cards fca review

The UK’s £150 billion credit card market is set to come under scrutiny after the Financial Conduct Authority (FCA) announced its intention to undertake a competition review of the sector at the end of this year.

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Feeling the pinch? Is your credit card spending on the increase?

UK consumers spent £0.9 billion more on their debit and credit cards in January 2014 compared to December last year, according to recent figures from trade body the UK Cards Association.

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