Financial Mail personal finance editor Jeff Prestridge examines what it could mean for regular users of credit cards, especially those who struggle to clear their debts.

Why is the Government getting tough on credit card issuers?

It believes that too many consumers are being encouraged to build credit card debt. And once in debt, many card issuers make it difficult for these borrowers to get out of it by heaping extra charges on them.

They are also encouraging customers to accumulate debt by allowing them to pay off a minuscule amount of their outstanding balance every month. In some instances, indebted consumers are offered higher spending limits even though logic says this is the last thing they need.

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