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Article: Proposed Changes to The Consumer Credit Regime, Including Reforms Concerning Consumer Credit On-Line.
- Article from:
- Mondaq Business Briefing
- Article date:
- March 11, 2004
CopyrightCOPYRIGHT 2004 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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On 8th December 2003, the DTI published a White Paper entitled "Fair, Clear and Competitive--The Consumer Credit Market in the 21st Century" (the White Paper) as part of its review of the Consumer Credit Act 1974 (CCA), including proposed changes to regulate the conclusion of on-line consumer credit agreements.
The White Paper outlines the Government's proposals for reform of consumer credit under a number of headings including: (i) establishing a more transparent regime by (a) changing the advertising regulations to make credit advertisements clearer and simpler for consumers to understand, (b) providing consumers with clearer information before and after ...