Fees and Charges: Disclosure of Information

Summary

To ask the Secretary of State for Business and Trade, whether she has made an assessment of the potential impact of hidden fees and charges on financial and digital transactions on (a) local economic activity, (b) national economic activity, (c) consumers

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Timeline

1. 24 April 2023

   Written question

   To ask the Secretary of State for Business and Trade, whether she has made an assessment of the potential impact of hidden fees and charges on financial and digital transactions on (a) local economic activity, (b) national economic activity, (c) consumers

   Source: Commons

2. 3 May 2023

   Answer

   Consumer law requires that all charges and fees are clear up front (including those related to consumer credit) and not hidden. Consumers then know what they will be paying and can make choices based between competitive suppliers on that basis. These rule...

   Source: Written answer

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Sponsors

• · Department for Business and Trade · Answering body

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