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United Kingdom · Question · Written question

UIN 144991

Credit Cards: Fees and Charges

answeredUnited Kingdom· UK Parliament· EN

Introduced

28 January 2021

Last action

2 February 2021 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

2 February 2021

Summary

To ask the Chancellor of the Exchequer, if he will bring forward proposals to cap credit card transaction fees to the level introduced by the EU in 2015.

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Timeline

  1. 28 January 2021

    Written question

    To ask the Chancellor of the Exchequer, if he will bring forward proposals to cap credit card transaction fees to the level introduced by the EU in 2015.

    Source: Commons

  2. 2 February 2021

    Answer

    The Government has legislated to ensure that interchange fees remain capped for UK domestic card transactions, where both the card issuer and acquirer are located in the UK, through the Interchange Fee (Amendment) (EU Exit) Regulations 2019, made under th...

    Source: Written answer

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