Response SRA Consultation – Regulation of Consumer Credit

Response SRA Consultation – Regulation of Consumer Credit

final-response-sra-consultation-regulation-consumer-creditOn 7 August we responded to a consultation from the Solicitors Regulation Authority (SRA): Regulation of Consumer Credit.

The consultation put forward proposals that would enable solicitors to carry out certain consumer credit activities as long as they were central to the legal services they provide.

Our response supported their proposals but emphasised the need for clarity from lawyers around cost information and for where consumers can obtain redress.

Response SRA Consultation – Regulation of Consumer Credit