Review of credit card reforms

Today’s Age reports the consumer groups have claimed that credit card reforrms have not gone for enough. I have said previously that I don’t think they have had much impact.

Next week the House of Representatives Standing Committee on Economics, Finance and Public Administration will be holding hearings on the credit card reforms and their impacts. I’ll be testifying first thing Monday morning with my “where is the effect?” message. My submission says just that [click here to view it]. You’ll be able to see a transcript here.