Bank Cards: Fees and Charges

HM Treasury written question – answered on 24th April 2017.

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Photo of Madeleine Moon Madeleine Moon Chair, Defence Sub-Committee, Chair, Defence Sub-Committee

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 22 March 2017 to Question 67778, what steps he is taking to ensure local trading standards officers are adequately resourced to effectively enforce the interchange fee regulation.

Photo of Simon Kirby Simon Kirby The Economic Secretary to the Treasury

Local Trading Standards officers are not responsible for enforcing the Interchange Fee Regulation. The Payment Systems Regulator (PSR) is responsible for monitoring compliance with the interchange fee regulation in the UK and for taking enforcement action where appropriate.

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