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Latest News

This page will show the latest position on implementation.

April 2007: The Statutory Instruments (SIs) covering exemptions, post contract information and licensing were laid. The provisions of the 2006 Act that extends the scope of the Financial Ombudsman Service (FOS) to all consumer credit license holders and the new Unfair Relationships Test came into force.

February 2007: The second commencement order under the Consumer Credit Act 2006 was laid. This provided for the new definition of individual to come into force on 6 April 2007. See Stakeholder Notice (December 2006).