Consumer Credit Act

The following issue updates are available for Consumer Credit Act.

APR calculations

9 July 2009 | Explains what the Annual Percentage Rate of Charge (APR) is and how it is calculated.

21 May 2010 | This page explains the prescribed text for "wealth" warnings which must appear in advertisements for mortgage products.

21 May 2010 | This page has been updated with a brief summary on the OFT's irresponsible lending guidance.

23 July 2010 | Explains what the European Code of Conduct is and its impact for UK lenders.