Thursday July 2, 2020

Too few players in markets for credit cards and loans

The markets for credit cards, current accounts and term loans have become less competitive since the Financial Regulator was set up five years ago.

26th April, 2008

The markets for credit cards, current accounts and term loans have become less competitive since the Financial Regulator was set up five years ago.

Figures contained in the regulator’s annual report, to be published tomorrow, show that, between 2002 and 2007, all markets analysed - except for the residential mortgage market - became increasingly uncompetitive.

In her statement in the report, consumer director Mary O’Dea said she was confident consumers were more informed and the...

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