British banks ordered to help people pay off credit card debts

Britain's Financial Conduct Authority ordered banks on Tuesday to take steps to help people with persistent credit card debt to keep up with repayments.The FCA's new rules will, however, will still allow banks to ultimately suspend a credit card if a customer fails to make any progress in repaying debts.The changes are based on an FCA market study of 34 million credit card customers over a period of five years.