Guidance

Reforming consumer credit regulation

Closed consultation setting out the government’s proposal to transfer responsibility for consumer credit from the Office of Fair Trading (OFT…

Documents

A new approach to financial regulation: consultation on reforming the consumer credit regime.

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Details

Closed consultation setting out the government’s proposal to transfer responsibility for consumer credit from the Office of Fair Trading (OFT) to the new Consumer Protection and Markets Authority. Seeks to understand how stakeholders would be affected by a transfer and the potential impacts. Follows the July HM Treasury consultation ‘A new approach to financial regulation, judgement, focus and stability’. See also the impact assessment URN 10/1376. Consultation period ended 22 March 2011, see 11/1083 for a summary of responses.

Published 21 December 2010