Regulation

Consumer Credit Directive

The EU Consumer Credit Directive (CCD) came into force in the UK on 1 February 2011. Premium Credit has taken steps to meet its responsibilities arising from the CCD and Office of Fair Trading (OFT) guidelines on Irresponsible Lending.

The Consumer Credit Directive and OFT guidelines are designed to improve consumer protection, promote responsible lending and set out common standards for unsecured credit products.

Full details have been sent to all our intermediaries to ensure that the Premium Credit facility offered by intermediaries to their customers is in compliance with the new regulatory requirements.

For more information on the EU Consumer Credit Directive, please click here.