Consumer Credit Regulation (CCR)
“We’ve taken over Consumer Credit Regulation from
the OFT and this will become effective from April 2014.
Our approach will be different in several key areas:
• We have more flexibility and greater rule-making
powers, including the ability to ban products
• We are better-resourced than the OFT in terms of
people. We have retained a number of OFT staff and
their expertise and recruited extra personnel
• Potential for earlier intervention. We hope this will
make a real difference