Rules on how credit card issuers communicate with their customers over credit limit increases have been made a little more flexible in new regulations.
A regulation dealing with credit limit increases, among other credit matters, was registered this week and will take effect on October 1.
The regulation delivers on a Government commitment to stop credit card issuers making unsolicited credit limit increase offers.
National Consumer Credit Protection Amendment Regulation 2012 (No. 1) clarifies the conditions under which credit card providers may obtain the consent of a...
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