CONSUMER CREDIT BILL

KEY BENEFITS

• Will protect consumers and create fairer, more competitive credit market by:
• enhancing consumer rights and redress by empowering consumers to challenge unfair lending and through more effective options for resolving disputes;
• improving the regulation of consumer credit businesses by ensuring fair practices and through targeted action to drive out rogues; and
• making regulation more appropriate for different types of consumer credit transaction by extending protection to all consumer credit and by creating a fairer regime for business.

TERRITORIAL EXTENT
The Bill applies across the UK. Although consumer credit is transferred to Northern Ireland, it has been agreed that the changes to the Consumer Credit Act should extend to Northern Ireland.

PROGRESS IN PARLIAMENT

This Bill was introduced to Parliament on16/12/04. You can download a copy of the Bill text here. Information about the Bill's progress in parliament can be found here and you can search the official report (Hansard) for the text of debates on the Bill at Second Reading or Committee stage here. 

COMMENTS

If you have any comments on the proposals you can email them to:

correspond@dti.gsi.gov.uk