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In January this year, his Honour Judge Waksman held that lenders could satisfy their duty under s78 of the Consumer Credit Act 1974 to provide a copy of the consumer credit agreement by providing a reconstituted...
The Office of Fair Trading (“OFT”) has published a consultation on sections 77/78/79 of the Consumer Credit Act 1974– duty to give information to debtors and the consequences of non-compliance on the enforceability of the agreement
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...