Review of retained provisions of the Consumer Credit Act – final report

Regulatory Updates | 29/03/19

The review of retained CCA provisions was conducted along the following themes:
Rights and Protections. – This theme includes credit brokerage fees, default and enforcement, unfair relationships. The FCA takes the view that the protections offered by these provisions continue to be important, and should be retained in some form.
Information Requirements. This includes pre-contract disclosure, the form and content of agreements and the provision of copy documents. For most of the substantive information disclosure obligations in the CCA and its regulations, the FCA believes these could in principle be replaced by FCA rules so long as corresponding sanctions are not lost.