Regulators and lawmakers in the United Kingdom are likely to establish credit card rules similar to those recently signed into law in the United States, according to an analyst.

The Credit Card Accountability, Responsibility and Accountability Act, most of which takes effect early next year, requires issuers to give cardholders 45 days' notice of interest rate changes, prohibits double-cycle billing and mandates other measures designed to increase card-policy transparency and to keep customer costs low.

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