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Egg customers protest credit move

Angry customers of internet bank Egg have hit out at its decision to cancel their credit cards.

Egg says 161,000 cards belonging to people whose credit profiles have deteriorated since they signed up will stop working in 35 days time.

But people who insist they have good records have been contacting the BBC to say they are on the list.

A Labour MP is asking the banking industry watchdog, the Financial Services Association, to investigate.

Nigel Griffiths, a former deputy leader of the House of Commons, said Egg's action was "unacceptable".

A spokesman for the bank said those affected were customers it no longer wanted to lend to "regardless of their current status".

Full Story

I don't think that the Egg company should have the ability to just cancel their customer's credit cards. I wonder if parliament is going to intervene.

Grade This.