Consumer Credit and Personal Insolvency: call for evidence
This call for evidence invites people to have a say on how the existing consumer credit and personal insolvency regimes might be improved and seeks views on a number of Coalition commitments, including:
* tackling unfair bank charges;
* introducing a seven-day cooling off period for store cards;
* introducing a power for a regulator to cap interest rates on credit and store cards; and
* requiring credit card providers to make electronic statements available to enable consumers to judge whether an alternative credit card would provide better value for money.