Banks to adopt credit card health warnings and summary boxes

Recommendations published by Professor Elaine Kempson of Bristol University are being adopted by the British Banking Association and its industry, including improvements to the way customers with financial difficulty are handled. From next March, health warnings on credit card statements will be added in cases where the customer is making only the minimum payment each month to pay off their balance. That said, further research is still going to have to be conducted to decide how summary boxes should be presented, what they should contain and where they should be placed, according to K...