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Consumer Credit Act
Developing a simplified advice scheme “as fast as possible” and regulating product design are among five recommendations the Financial Services Consumer Panel (FSCP) says would improve consumer confidence in the industry.
Millions of borrowers may have been the victims of large-scale breaches in the Consumer Credit Act, according to Powell Callen Solicitors.
Future Mortgages has released a range of secured second loan products to take advantage of changes to the Consumer Credit Act 2006 (CCA).
Other Consumer Credit Act articles
The Treasury, in conjunction with the Department for Business, Enterprise and Regulatory Reform, has today published a consultation document on proposed changes to the Consumer Credit Act 1974 in an attempt to prevent the dual regulation of mortgages.
The government has launched the timetable for its Consumer Credit Act, stating the plans will help boost the rights of consumers and improve the regulation of businesses.
The Consumers' Association has been granted new powers which would allow it to fine a business or force it to cease trading if it is found to be in breach of consumer legislation.
Lenders and brokers could face enforcement action by the Office of Fair Trading if government authorities decide they have used unfair and unnecessary practices to sell debt consolidation loans.
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