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United Kingdom · Question · Written question

UIN 4907

Credit Cards: Fees and Charges

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

4 December 2023

Last action

7 December 2023 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

7 December 2023

Official sourceShare

Summary

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of raising the cap on interchange fees.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 4 December 2023

    Written question

    To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of raising the cap on interchange fees.

    Source: Commons

  2. 7 December 2023

    Answer

    The Government has previously 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. Th...

    Source: Written answer

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