Home credit competition

By 1banklawblogger

On 4 October 2007, the Home Credit Market Investigation Order 2007 will come into force. It contains provisions relating to the sharing of data on customers’ payment records, publication of prices, provision of information in client statements and rebates for early repayment of loans. It puts into place the remedies the Competition Commission identified as needed in their final report on the home credit market.

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