Household debt: Economic indicators
Debt levels affect how much households spend. Find the latest data on UK household debt, mortgage rates and insolvencies.
Documents to download
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Consumer credit (235 KB , PDF)
From April 2014 the Financial Conduct Authority takes over responsibility for the regulation of the consumer credit industry from the Office of Fair Trading. The FCA promises a more proactive type of regulatory approach and has already indicated its interest in the payday loan and debt collection sectors. The changeover involves a switch from a regulatory system based on statute – the Consumer Credit Acts, to one based on the FCA’s Rulebook. The Government hope that this will make the system more flexible and responsive to market developments.
Documents to download
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Consumer credit (235 KB , PDF)
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Credit unions
While credit unions play prominent roles in financial sectors across the Anglosphere and in Northern Ireland, in Great Britain penetration is low. This briefing looks at the reasons why and legislative efforts to make credit unions more popular.
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Consumer Rights Act 2015
The Consumer Rights Act 2015 came into force on 1 October 2015. This briefing sets out the background to the Act and the main provisions of Part 1 (sale of goods, digital content and services) and Part 2 (unfair contract terms).
