Regulatory Developments in the UK Payment
Category : Financial
Library Code : BFFS0617
Publication Date :
Format : PDF
Pages : 44
This brief provides in depth coverage of both national and
international regulatory activity that has impacted on the UK card market. This
briefing also forms part of the UK Plastic Cards 2008 report
- The report covers all regulation in 2007 and the
first half of 2008 that has affected the card market in the UK.
- Both national and international regulatory issues
- In the UK, issues such as default fees on payment
cards, payment protection insurance and domestic interchange are discussed.
The UK Office of
Fair Trading concluded its investigation into default fees in 2006 but the
investigation into overdraft fees applicable to current accounts may still have
an impact on the outcome of its ruling regarding credit and store card default
In December 2007, the EC ruled that MasterCard's MIFs for cross-border payment
card transactions with MasterCard and Maestro consumer debit and credit cards in
the European Economic Area violate the EC Treaty rules on restrictive business
practices. MasterCard has since filed an appeal with the European Court of First
Instance to annul the ruling.
The investigations into payment protection insurance (PPI) and domestic
interchange are continuing into 2008. However, the final report of the findings
by the Competition Commission into the sale of PPI is expected to be published
in December 2008.
Reasons to Purchase
Gain a clear
understanding of the regulatory developments in the UK market.
- Understand the impact
of changes in regulation in the rest of Europe on UK issuers.
- Find out how issuers
are adapting to changing market conditions.
Click here to view THE TABLE OF CONTENTS
This product was added to our catalog on Thursday 21 August, 2008.