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18 January
2006 - Bill
completes Report stage in House of Lords
These pages will be
kept up to date to record progress on the
Consumer Credit Bill.
The Consumer Credit Bill was introduced into the House of Commons on
18 May 2005. It has now completed its Commons stages and is being
considered by the House of Lords. More info.. The Bill is the culmination of a three-year
review of
consumer credit law and will reform the Consumer Credit Act 1974 to
protect consumers and create a 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.
Once the Parliamentary process is
completed, DTI will implement the changes contained in the Bill.
More info...
For more information, please follow the
links on the left.
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