Credit Cards: Fees and Charges
(asked on 28th January 2021) - View Source
Question to the HM Treasury:
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.
This question was answered on 2nd February 2021
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 the European Union (Withdrawal) Act 2018. The UK domestic interchange fee caps are at the same levels as before the end of the Transition Period.