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Crackdown on the hidden credit card rip-off

By Martin Hickman, Consumer Affairs Correspondent

"Rip off" credit and debit card fees are to be investigated after a consumer group discovered customers are being charged up to 200 times the actual cost of paying by plastic.

Which? triggered the inquiry by making a super-complaint to the Office of Fair Trading about the fees charged by airlines and other companies. Growing evidence suggests that such fees are being used to generate extra income rather than cover costs.

The business regulator now has 90 days to investigate and decide whether to launch a full-scale inquiry, which could lead to the charges being banned.

News Source:-http://www.independent.co.uk/