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UK plans new powers to fine firms exploiting loyalty

UK plans new powers to fine firms exploiting loyalty

The British government said on Tuesday it planned to give the competition watchdog new powers to fine companies selling products such as mortgages, insurance and mobile phones which exploited the loyalty of their customers.

  • Shared by Reuters
  • June 18, 2019
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In December, the Competition and Markets Authority proposed a crackdown on firms that charge so-called loyalty penalties on a whole range of products following a “super complaint” by consumer body, Citizens Advice.

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