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Credit Cards

Volume 14: debated on Thursday 3 December 1981

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asked the Secretary of State for Trade (1) whether he has any evidence that an increasing number of credit card issuers are complying with the terms of section 84 of the Consumer Credit Act 1974, notwithstanding that that section has not yet been brought into effect; and what is the nature of the evidence;(2) if he will now bring into effect the provisions of section 84 of the Consumer Credit Act 1974 which place a limit of £30 on the liability of credit card holders where their cards are used fraudulently;(3) whether his Department has made any study of the growth in the number of credit cards issued, particularly by retail organisations, with a view to limiting the liability of card holders in cases of fraudulent use under section 84 of the Consumer Credit Act 1974.

No study has been made or evidence obtained of the nature suggested, but I have the impression that a substantial proportion of credit card agreements limit the liability of card holders. Work preparatory to bringing section 84 into operation forms part of the overall programme for implementing the inoperative provisions of the Act as quickly as practicable.