Lawmakers in the U.K. are considering an overhaul of its credit card industry that would include policies like the ones that went into effect last month in the U.S.

The government is set to announce efforts to help protect consumers from high interest rates and "poor practices" in consumer finance, particularly from credit and store cards, prime minister Gordon Brown said in his weekly podcast Sunday. "One of the challenges we are confronting in the wake of the financial crisis is the behavior of some banks and credit card companies towards you, their customers."

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