Regulation

Analysis: Assessing the possible crackdown on credit cards

With the UK Gambling Commission consulting on whether operators should be prevented from accepting deposits on credit cards, what are the main arguments for and against a ban?   

Data published by the Bank of England in January showed that UK households owed a staggering £72.5bn on their credit cards last November – up from £70.1bn 12 months earlier and £57.2bn five years beforehand. That equated to an average of £2,688 outstanding on credit cards per household. But while Britons appear to be increasingly…

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