blues and lose - Consumer Credit Act
Consumer credit protection legislation, designed to protect
ordinary individuals from the worst excesses of the finance
industry, is nothing new in the UK. We’ve had hire-purchase
legislation since at least the 1930’s and the overarching Consumer
Credit Act (CCA) has been around since 1974 (though much of it
didn’t actually come into force until the mid-80’s). Banks
and finance companies are generally well aware of the regulations
and most businesses outside of mainstream lending aren’t directly
affected. Or are they?
Please click on the link to view the article, which was
published in the Credit Management magazine, on the
Consumer Credit Act.
For more information, contact Richard Humphreys, partner in Blake
Lapthorn solicitors' Finance group at
richard.humphreys@bllaw.co.uk or
on 01865 254243.
