Opinion

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Type Product title / description Pub Price
CommentWire
CommentWire

UK credit cards: lenders are not the only ones to blame

A report commissioned by the opposition Conservative party has found that there is a need to correct the "un-level playing field between the banks and their customers". While it is right to protect consumers from bad practice, surely it is time that politicians focus on improving financial literacy rather than continually blaming lenders for the irresponsibility of a minority of borrowers.

Published By Datamonitor
21 Mar 2005
CommentWire
CommentWire

UK credit cards: margin pressure drives cutbacks

The issue of declining margins continues to affect the UK credit card industry, and has caused several card issuers to withdraw or cut back on their product offerings. Recent Moneyfacts data has revealed numerous reductions in loyalty program incentives in recent months and, with potential price rises and yet more cutbacks looking likely, consumers have some cause for concern.

Published By Datamonitor
30 Aug 2005
CommentWire
CommentWire

UK credit cards: MPs angry at lack of transparency

John McFall, chairman of the Treasury Select Committee, has written to the credit card industry body APACS to express his anger over what he sees as the industry's "lack of commitment" in responding to the call to make their rates and charges clearer. However, industry regulators should not risk baffling consumers with unnecessarily detailed information.

Published By Datamonitor
16 Feb 2004
CommentWire
CommentWire

UK credit cards: OFT findings present a major challenge to the industry

While yielding few surprises, the Office of Fair Trading's (OFT) position on credit card default fees will present UK credit card issuers with a major challenge. As one more regulatory intervention looks set to further restrict revenues, issuers will be forced to look for other means to replace this lost income. Further market consolidation and less attractive products will be the result.

Published By Datamonitor
13 Apr 2006
CommentWire
CommentWire

UK credit cards: outsourcing to accompany consolidation

Northern Rock is looking at new options for its GBP200 million credit card book. The portfolio will either be sold or outsourced to a credit card specialist - yet another sign of the rapid consolidation trend that is present in the UK card market.<BR />

Published By Datamonitor
24 Feb 2003
Expert View
Expert View

UK credit cards: regulatory changes may do more harm than good

New rights for UK credit card holders will result in important changes to the way issuers interact with their customers and should bring clear benefits to those who are struggling to manage their existing debt. However, while the short-term advantages will be felt by as many as 45% of cardholders, the majority will see higher rates and potentially the reintroduction of annual fees as a result.

Published By Datamonitor
15 Mar 2010
ResearchWire
ResearchWire

UK credit cards: transactions value will grow 7.4%

Published By Datamonitor
14 May 2002
Expert View
Expert View

UK credit market not improving

The UK consumer credit market's poor performance, which began in 2005, continued through Q2 2007. Moreover, recent events in the US sub-prime mortgage market and the global credit crunch will impact upon the market in the short term as lenders raise their prices and reject more applicants. Indeed, the consumer credit market is expected to dip in 2007 before seeing a slow revival thereafter.

Published By Datamonitor
24 Oct 2007
CommentWire
CommentWire

UK credit: legal worries for alternative lenders

Published By Datamonitor
23 Apr 2001
ResearchWire
ResearchWire

UK credit: one in four adults have difficulty borrowing

Published By Datamonitor
11 May 2004

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