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Article contents
Consumer credit calculations
Published online by Cambridge University Press: 20 April 2012
Extract
1.1. In 1968 the government of the day set up a committee under Lord Crowther to carry out a wide-ranging review of consumer credit. At that time only a few aspects of this complex field were covered by legislation and there was a minimal degree of control and consumer protection. The Crowther Committee reported in March 1971 with a fairly voluminous report, making extensive recommendations for changes in the law and for greatly increased control of this increasingly important area of consumer affairs.
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- Research Article
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- Copyright
- Copyright © Institute and Faculty of Actuaries 1980
References
(1) Consumer Credit. Report of the Crowther Committee. Cmnd 4596.Google Scholar
(2) The Consumer Credit (Total Charge for Credit) Regulations 1977, SI 1977/327 (now replaced by The Consumer Credit (Total Charge for Credit) Regulations 1980, SI 1980/51).Google Scholar
(3) The Consumer Credit (Exempt Agreements) Order 1977, SI 1977/326 (now replaced by The Consumer Credit (Exempt Agreements) Order 1980, SI 1980/52).Google Scholar
(4) The Consumer Credit (Advertisements) Regulations 1980, SI 1980/54.Google Scholar
(5) The Consumer Credit (Quotations) Regulalions 1980, SI 1980/55.Google Scholar
(8) Reform of the Law on Consumer Credit. Cmnd 5427.Google Scholar