Government announces Consumer Credit Act modernisation plan

The Government has announced that it will modernise the Consumer Credit Act (CCA) for the first time in over 50 years, giving consumers clearer information and firms the flexibility to innovate. The Government says that consumers who take out loans, credit cards or overdrafts are expected to benefit from clearer information about costs and key…

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Government launches Consumer Credit Act reform consultation

The Government has launched a plans to reform of the Consumer Credit Act (CCA) by opening a consultation. The Consumer Credit Act 1974 governs the regulation surrounding billions of credit card purchases, personal loans and consumer hire agreements made by UK consumers every year. The Government says that this reform will facilitate innovation in the…

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