The House of Lords has, today, delivered its judgement in the case of The Office of Fair Trading v Lloyds TSB plc, Tesco Personal Finance Limited and American Express Services Europe Limited [2007] UKHL 48, unanimously upholding the Court of Appeal’s judgement that connected lender liability, imposed by Section 75(1) of the Consumer Credit Act 1974 (“the Act”), applies to foreign transactions financed by credit cards issued under regulated consumer credit agreements, just as it applies to domestic transactions.  This means that the joint liability of UK card issuers and suppliers for valid consumer claims against the supplier for misrepresentation or breach of contract does now extend to claims arising out of foreign credit card transactions (as before where the cash price is between £100 and £30,000).  The landmark ruling has potentially significant consequences for UK credit card issuers.