Credit card firms probed over spiral of debt: 9m borrowers struggle to cope, says watchdog

Financial Conduct Authrity to probe high-interest cards with hefty penalties
Almost a fifth of British adults are vulnerable because of too much debt
Many are ‘survival borrowers’ who juggle multiple credit cards at once
Investigation later this year is first act in FCA’s new...
Credit card firms probed over spiral of debt: 9m borrowers struggle to cope, says watchdog