Isn't that covered in section 19?Does it tell you how they calculate the interest-free period and does it give examples?
Brendan
Do you think that they shouldn't explain the terms and conditions of the credit card or something?PTSB sent me Terms & Conditions included with the card renewal.
Does the panel think they are a bit light at 40 pages?
So the sales bit before you read the terms and conditions?There should be a one page summary with an example of how to get an interest-free period.
My cousin works for and part owns one of the companies based in NYC/Hong Kong who make a small fortune writing prospectuses and legal documentation for international financial houses, and going by how profitable they are, wouldn't be surprised to see banks trying to limit verbiage as producing these documents is incredibly expensive.PTSB sent me Terms & Conditions included with the card renewal.
Does the panel think they are a bit light at 40 pages?