Lloyds TSB attacked over credit card gambling
August 25, 2009
High Street bank, Lloyds TSB, has been attacked by debt charities and politicians over an issue relating to gambling on credit cards. The bank has been accused of encouraging its customers to gamble on their credit cards, thus encouraging both higher levels of debt and gambling addiction amongst its customers. The bank informed its customers by letter that they could use 50 percent of their credit as cash and use it on transactions ‘such as gambling’. Read more
Tags: Philip Hammond, Credit Cards, debt, high street bank, well-run businesses, Lloyds TSB