OFT seeks legal ruling on overseas credit card purchases

The Office of Fair Trading issued proceedings on Friday in the High Court to find out whether financial safeguards offered by credit card companies should also apply to consumer purchases made abroad as well as in the UK. Action is being taken to try and rectify the rules concerning Section 75 of the 1974 Consumer Credit Act as Lloyds TSB and Tesco Personal Finance - part of the RBOS group - argue it is not their responsibility to process claims when there are problems with goods or services purchased overseas. Rather than seek a full trial, the OFT is asking for a declaration or ...