Consumer Credit Regulation and Compliance

A lender’s reputation is one of its most valuable commodities in the competitive Consumer Credit Market.  Non-compliance with the Consumer Credit Act 1974 and its numerous associated regulations can carry with it draconian penalties for lenders.  The plethora of recent high profile court litigation is testimony to this fact. 

That is why accurate and focused legal advice is required to ensure that both new and existing credit agreements of all types are created and serviced in compliance with the Consumer Credit Act framework.  Here’s where we come in.

Our lender clients and their in-house solicitors put their trust in us to advise them on the form and content of documentation and the application of the Consumer Credit Act to the different areas of their business. We have assisted start-up credit businesses as well as large household names ensure that their business reputation and loan assets are safeguarded from inception to completion.

On 11 June 2010 major changes to the regulation of certain types of credit will be implemented.  Is your business affected? 

click here to find out... [PDF, 243kb]

For more information on Consumer Credit Regulation and Compliance or Consumer Credit Litigation contact Ian Norman on 01844 268348 or e-mail inorman@lightfoots.co.uk