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Originally Posted by Chrysalis
well not sure which affects the poorer more. Bear in mind the poorest wont be able to get credit so loan interest rates shouldnt affect them so much as penalty charges. Free banking tends to beenefit the rich more from where I sit they tend to get charges waived. Free balance transfers again only affects people who can get credit in the first place and thats not usually the poorest.
But are you talking about credit cards or banks with current accounts?
I am wanting banks to be forced to reduce fees on current account penalty charges these are much harder hitting then credit card fees.
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The reality is that banks are not interested in poorer customers anyway.
The law applies to either / or.