Impact assessment

Enhanced suspension of consumer credit licences: impact assessment

Assessment of proposal to allow the Office of Fair Trading (OFT) to suspend consumer credit licences to protect consumers.

• From: Department for Business, Innovation & Skills
• Published: 25 July 2012

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Documents

Enhanced suspension of consumer credit licences: impact assessment.

Ref: 12/987

PDF, 159 KB, 13 pages

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Details

Assesses the costs and benefits of proposals to give the Office of Fair Trading (OFT) the power to suspend a consumer credit licence with immediate effect, where there is an urgent need to protect the interests of consumers.

This proposal is in response to recommendations in the Business, Innovation & Skills Select Committee report on debt management.

Published 25 July 2012