Consumer Credit Act 1974

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The Consumer Credit Act 1974 (1974 c. 39) was an Act of the Parliament of the United Kingdom that significantly reformed the law relating to consumer credit within the United Kingdom. Prior to the Consumer Credit Act, legislation covering consumer credit was slapdash and focused on particular areas rather than consumer credit as a whole, such as moneylenders and hire-purchase agreements. Following the report of the Crowther Committee in 1971 it was decided that wide-ranging reform of consumer credit law was needed, and a bill to do this was introduced to Parliament. Despite its progress through Parliament being disrupted by a general election, the bill passed quickly through the legislative process thanks to support from both the government and the opposition, coming into law on 31 July 1974. The Act introduces new protection for consumers and new regulation for bodies trading in consumer credit and related industries. Such traders must have full licenses from the Office of Fair Trading, which may be suspended or revoked in the event of irregularities.

Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786130694951
    • Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
    • Sprache Englisch
    • Genre Psychologie
    • Größe H220mm x B150mm x T5mm
    • Jahr 2010
    • EAN 9786130694951
    • Format Fachbuch
    • ISBN 978-613-0-69495-1
    • Titel Consumer Credit Act 1974
    • Untertitel Acts of Parliament in the United Kingdom, Parliament of the United Kingdom, Credit (finance), Hire purchase, United Kingdom general election, February 1974, Office of Fair Trading, Security (finance)
    • Gewicht 136g
    • Herausgeber Alphascript Publishing
    • Anzahl Seiten 80

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