MALG Members are reminded that phase 1 of the consultation setting out the government’s proposal to reform the Consumer Credit Act (CCA) will close on 21 July 2025. This consultation seeks views on the proposals in relation to information requirements, sanctions and criminal offences.
The government has identified opportunities to deliver a modernised regime which ensures consumers are provided with clear information at the right time enabling them to make informed financial decisions, as well as ensuring robust consumer protections are maintained. The consultation will also ensure the new consumer credit regime is proportionate and supports innovation and growth.
Responses to this consultation should be sent to consumercreditact@hmtreasury.gov.uk. Read more here.