Impact assessment

Enhanced suspension of consumer credit licences: impact assessment

Assessment of proposal to allow the Office of Fair Trading (OFT) to suspend consumer credit licences to protect consumers.

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Documents

Enhanced suspension of consumer credit licences: impact assessment.

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Details

Assesses the costs and benefits of proposals to give the Office of Fair Trading (OFT) the power to suspend a consumer credit licence with immediate effect, where there is an urgent need to protect the interests of consumers.

This proposal is in response to recommendations in the Business, Innovation & Skills Select Committee report on debt management.

Published 25 July 2012