16 November 2011 | Jackie Hanlon
Last month, following a consultation between 10 March and 2 June 2011, the Office of Fair Trading (OFT) published a revised version of its Debt Collection Guidance. It was last revised in December 2006.
The...
Tags on this discussion: banks consumer credit act consumer protection consumers Credit Cards Debt Collection Guidance Debt recovery debtors debts Irresponsible Lending Guidance lenders Office of Fair Trading OFT
31 August 2010 | Steven Mills
His Honour Judge Waksman has delivered another judgment in favour of lenders. The claims all related to the interest rates stipulated on a regulated agreement relating to credit cards. The central...
Tags on this discussion: APR banking banks consumer credit consumer credit act consumer laws consumer protection contractual term interest interest rate
21 July 2010 | Karen Jacobs
Consumer Affairs Minister, Edward Davey has announced a review of consumer credit and personal insolvency. The review will cover:
How consumers enter into credit commitments, including the way in...
Tags on this discussion: banking banks consumer credit act consumer protection credit Insolvency lenders loan
17 May 2010 | Steven Mills
The Competition Commission wants to introduce a ban on selling PPI (excluding retail PPI) at the point-of-sale. The decision is provisional and open to final consultation. The Competition Commission...
Tags on this discussion: banks building societies Competition Commission payment protection insurance PPI
13 May 2010 | Karen Jacobs |
The Consumer Credit Directive 2008/48/EC (“the Directive”) and the Consumer Credit (EU Directive) Regulations 2010 introduce new rights and obligations. The Department for Business, Innovation...
Tags on this discussion: banking banks
2 February 2010 | Steven Mills
The OFT is consulting on guidance because of concerns that some debtors are being misled into thinking that these sections can be used to get their debts written off and that some creditors are not following...
Tags on this discussion: banking banks consumer credit mortgages Office of Fair Trading OFT
5 January 2010 | Clare Stothard |
Can debtors avoid paying their debts under the Consumer Credit Act 1974 ("the Act") if a bank is unable to provide an exact copy of the agreement?
Judge David Waksman held that the banks could satisfy...
Tags on this discussion: banks consumer credit act
3 December 2009 | Paul Gershlick
Under the Unfair Terms in Consumer Contracts Regulations 1999, as between a supplier and a consumer, any contractual terms not individually negotiated shall be unfair and therefore unenforceable if they...
Tags on this discussion: banking contract law contracts legally binding Office of Fair Trading OFT retail banking Unfair Terms in Consumer Contracts Regulations