In the United Kingdom third-party collection agencies that pursue debts regulated by the Consumer Credit Act must hold a Consumer Credit Licence and work within the framework of the 2003 fair debt collection guidance; licences are issued and regulated by the Office of Fair Trading.
In British law, credit brokers are covered by the Consumer Credit Act 1974 and the Consumer Credit Act 2006, which defines a credit broker not just as a mortgage or loan broker, but also as a vast range of other intermediary bodies such as car dealers, shops that introduce customers to financial houses for hire-purchase agreements and solicitors who negotiate advances for non-corporate clients.
The activities of Credit Reference Agencies are governed by the Consumer Credit Act 1974.
Usually lower statutory interest rates apply under the County Court (Interest on Judgment Debts) Order 1991, but this it excluded judgment debts on consumer credit agreements under the Consumer Credit Act 1974.
In 1971, he authored the Report of the Committee on Consumer Credit, the "Crowther Report", whose recommendations led to the Consumer Credit Act 1974.
The debt must be over £600 and it cannot be one where judgment has been obtained for a debt owed under the Consumer Credit Act 1974.
In the United Kingdom, when applied to individuals, these may come under the Consumer Credit Act 1974.
Mr & Mrs Nash argued that the interest rates were extortionate under the Consumer Credit Act 1974 section 138 (grossly exorbitant, grossly contravenes principles of fair trading; regard had to prevailing interest rates and risk).
Under section 75 of the United Kingdom's Consumer Credit Act, credit card companies are required to refund payments made by customers who failed to receive goods or services if the purchase was made directly from the retailer.
Such legislation includes the Consumer Protection from Unfair Trading Regulations 2008, the Consumer Protection Act 1987, the Consumer Credit Act 1974, the Food Safety Act 1990 and the Price Marking Order 2004.
The topic of unfair terms is vast, and could equally include specific contracts falling under the Consumer Credit Act 1974, the Employment Rights Act 1996 or the Landlord and Tenant Act 1985.
Act of Parliament | Act | 1974 | Statute Law Revision Act 1948 | Statute Law Revision Act 1888 | Act of Congress | 1974 in music | Credit Suisse | Reform Act 1832 | Patient Protection and Affordable Care Act | Endangered Species Act | Digital Millennium Copyright Act | Clean Water Act | American Recovery and Reinvestment Act of 2009 | National School Lunch Act | United Kingdom general election, February 1974 | Statute Law Revision Act 1863 | Criminal Justice Act 1988 | Local Government Act 1972 | Americans with Disabilities Act of 1990 | Racketeer Influenced and Corrupt Organizations Act | Consumer Electronics Show | Communications Act 2003 | credit card | Statute Law Revision Act 1887 | Consumer Credit Act 1974 | ACT | 1974 FIFA World Cup | Stamp Act | Official Secrets Act 1989 |