Progress Report on Better Deal for the Consumers

[mollie5549]

The Department for Business, Innovation & Skills (BIS) has published a four month progress report on its White Paper “A better deal for consumers” (see Daily News 3 July 2009). The report refers to the comprehensive programme of measures aimed at bolstering consumer confidence and helping consumers exercise greater personal responsibility, while protecting them from unfair practices, and ensuring effective and proportionate enforcement.

 

 

The progress report contains an update on next steps with regard to various policy proposals and objectives. For example, it notes that:

• the consultation on the BIS review of regulation of credit and store cards will close on 19 January and the Government expects to issue final recommendations in spring 2010;
  
• the Office of Fair Trading's (OFT's) interim report on its review of high cost credit markets will be published by the end of 2009, with the final report being issued in spring 2010; and
  
• the OFT's final guidance on irresponsible lending will be published early in 2010.
  

A copy of the progress report is available.

[Mr lex]

Thanks for the update Mollie