All the updated news related to consumer credit act

All the news related to consumer credit act updated in real time

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Personal Finance

Consumer Credit Act will be reformed ‘to keep pace with the modern world’

The Consumer Credit Act, which regulates credit card purchases and personal loans and dates back to the 1970s, is to be reformed to make it fit for modern life, the Government has announced. The move will cut costs for businesses and simplify rules ...

16 Jun 2022 at 14:33

Personal Finance

Calls for limit on how often people can be contacted about missed payments

Stronger rules are needed to prevent borrowers who are behind on their payments from being overwhelmed with correspondence chasing their debts, according to consumer champion Martin Lewis and the Money and Mental Health Policy Institute. Research ...

14 Dec 2023 at 00:01

Millions set to miss out on car finance compensation after Supreme Court ruling

Lenders have avoided potentially having to pay compensation to millions of drivers after the Supreme Court ruled they are not liable for hidden commission payments in car finance schemes. Two lenders, FirstRand Bank and Close Brothers, went to ...

01 Aug 2025 at 18:31

Lenders do not owe millions compensation over car finance, Supreme Court rules

Lenders have avoided potentially having to pay compensation to millions of drivers, after the Supreme Court ruled they are not liable for hidden commission payments in car finance schemes, but some motorists may still receive payouts. The ...

01 Aug 2025 at 20:14

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