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Introduction to the Consumer Credit Act

BPP Professional Education

Summary

Price
£738 inc VAT
Study method
Classroom
Duration
1 day · Full-time
Qualification
No formal qualification
CPD
6 CPD hours / points
CPD What's this?
Additional info
  • Tutor is available to students

Location & dates

Location

Address
Venue may change up to 14-days before the course start date’
9-10 Portland Place
West London
London
W1B1PR
United Kingdom
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Overview

This course is split into two parts. Part one aims to develop awareness of the requirements of the Consumer Credit Acts (1974 and 2006), and associated regulations, and of their practical application. The second part aims to develop awareness of the new consumer credit regime under the Financial Conduct Authority.

Venue may change up to 14-days before the course start date. Enquire for dates.

CPD

6 CPD hours / points
Accredited by BPP Professional Education Limited

Description

Learning outcomes include obtaining a greater understanding of:

Part one – the Consumer Credit Acts

  • Development of legislation and regulation from the Consumer Credit Act 1974 through to the FCA regime
  • Essential terminology and definitions
  • Regulated and exempt agreements
  • Agreement formalities and processes
  • Advertising and the APR
  • Post agreement issues
    • failure to repay
    • section 77 requests and the meaning of enforcement
    • early repayment rights
    • section 75 and liability for defective goods or services
  • Financial Ombudsman Service (FOS)

Part two – The Financial Conduct Authority regime

  • Overview of the current position – what remains of the Acts and what is new
  • Replacing the licensing regime
    • interim permission
    • authorisation
  • Supervision and enforcement
  • Conduct rules and guidance
    • CONC – consumer credit sourcebook
  • Additional requirements for debt management firms
  • Planned future developments

Who is this course for?

This course will benefit all those who need a detailed introduction to consumer credit legislation and regulation. It would benefit those who need an understanding of the historical position and those looking to understand the current FCA regime.

Questions and answers

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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