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Consumer Credit Act 1974

Question for Treasury

UIN 2472, tabled on 16 May 2022

To ask the Chancellor of the Exchequer, whether he has plans to review the Consumer Credit Act 1974.

Answered on

24 May 2022

The Government is committed to ensuring consumer credit regulation provides high-standards of consumer protection but also fit-for-purpose and proportionate. We recognise that the current regulatory framework for consumer credit is built around a dated model of regulation, established by the Consumer Credit Act 1974 (CCA). The government therefore continues to keep the case for changes to improve the effectiveness of consumer credit regulation under close review.

Answered by

Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.