Ramsay, Iain --- "Regulation of consumer credit" [2018] ELECD 573; in Howells, Geraint; Ramsay, Iain; Wilhelmsson, Thomas (eds), "Handbook of Research on International Consumer Law, Second Edition" (Edward Elgar Publishing, 2018) 340

Book Title: Handbook of Research on International Consumer Law, Second Edition

Editor(s): Howells, Geraint; Ramsay, Iain; Wilhelmsson, Thomas

Publisher: Edward Elgar Publishing

ISBN: 9781785368202

Section: Chapter 13

Section Title: Regulation of consumer credit

Author(s): Ramsay, Iain

Number of pages: 23

Abstract/Description:

Consumer credit, its role and regulation, has become a hot topic since the Great Recession of 2008. This chapter outlines an emerging international consensus on the regulation of credit markets and examines critically central aspects of this consensus: appropriate supervision of credit markets through regulatory agencies; the promotion of financial inclusion and access to credit at a reasonable cost; mandatory information disclosure; responsible lending; the facilitation of credit information through credit reference agencies; and financial literacy. It also examines the more controversial issue of price controls and concludes by analysing the role of payment intermediaries in providing redress in transnational purchases.