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Article: Consumer credit regulation: So who is footing the bill?
- Article from:
- M2 Presswire
- Article date:
- June 7, 2004
CopyrightCOPYRIGHT 2004 Normans Media 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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M2 PRESSWIRE-7 June 2004-DATAMONITOR: Consumer credit regulation: So who is footing the bill?(C)1994-2004 M2 COMMUNICATIONS LTD
RDATE:06092004
London - The long-awaited overhaul of the UK`s consumer credit laws is fast approaching its October 31st deadline. While the market is in need of a clearer regulatory regime, a new report* from independent market analyst Datamonitor (DTM.L) warns that one of the effects of the new regulation could be higher cost of credit and greater difficulty in obtaining credit for those consumers with adverse credit histories.
Tight implementation schedule, lack of adequate preparation, fears of increased bureaucracy ...