Managing borrowing and dealing with debt
Review of consumer credit and personal insolvency Call for evidence invites people to have a say on improving consumer credit and personal insolvency
Following the announcement of a joint BIS/HMT review of consumer credit and personal insolvency on 13 July 2010, a call for evidence was published on 15 October 2010. The call for evidence invited people to have a say on how the existing consumer credit and personal insolvency regimes might be improved and sought views on a number of Coalition commitments, including:
tackling unfair bank charges; introducing a seven-day cooling off period for store cards; introducing a power for a regulator to cap interest rates on credit and store cards; and requiring credit card providers to make electronic statements available to enable consumers to judge whether an alternative credit card would provide better value for money. The call for evidence itself, together with a response form and a two-page plain English summary, can be found at: Consumer Credit and Personal Insolvency: call for evidence
You can listen to an explanation of what the Review is aiming to achieve (external link) .Please note that the call for evidence and the questionnaire have now closed and all responses submitted are being considered.
