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MBNA news

Date: 25th Nov 2014

MBNA welcomes FCA study into UK credit card market

MBNA has today welcomed the publication of the Terms of Reference for the Financial Conduct Authority’s (FCA) study into the UK credit card market.

Ian O’Doherty, Chief Executive, said, “It is essential that regulators and the financial services industry work hand-in-hand to protect consumers, particularly the most vulnerable in our society. Equally, it is important that we develop and deliver products and services that offer good value for consumers as well as a fair return for lenders.

“We look forward to engaging with the FCA over the coming months to ensure the market works well for all consumers and that card holders continue to get a fair deal.”