UK regulator to study credit card market

LONDON, Nov 25 (Reuters) - Britain's credit card market isnot working well for some customers who are over-borrowing andpaying unexpectedly high interest rates, the Financial ConductAuthority (FCA) said on Tuesday.

The regulator said it will study how easy it is forcustomers in Europe's biggest credit card market to shop around,how card providers recover costs, and the extent of unaffordabledebt.

Some 30 million customers have a credit card in Britain,accounting for 56.9 billion pounds ($89.24 billion) inoutstanding debt, according to the FCA.

(1 U.S. dollar = 0.6376 British pound) (Reporting by Huw Jones; editing by Jason Neely)