The Credit Contracts & Consumer Finance Act – the case for a more ‘principles-based’ approach to affordability requirements
By Jan Etwell, Scott Abel, Lara Wood, Rebecca Green, Amman Bulchandani & Simon Jensen* In December 2021, a sweeping range of amendments to the Credit Contracts and Consumer Finance Act 2003 (CCCFA) came into force that were designed to protect vulnerable people from predatory lending by some “mobile traders and truck shops” and solve the problem of […]