Jasinski, D. (2019) The FCA: protecting consumers of the consumer credit market in the wake of the financial crisis. In: Ryder, N., Turksen, U. and Tucker, J. (eds.) The Financial Crisis and White Collar Crime – Legislative and Policy Responses : A Critical Assessment. Routledge, Taylor & Francis Group. 129 - 177.
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Abstract:
This chapter analyses the Financial Conduct Authority's (FCA's) approach to regulating the market from a consumer protection perspective. It provides an analysis of the Consumer Credit Act 1974 (CCA74), in particular the elements that can be invoked by consumers to seek redress for harm caused to them by financial institutions. The chapter examines the impact of the FOS on the level of protection afforded to consumers under the CCA74. It reflects on the powers and performance of the Office of Fair Trading (OFT), with particular reference to the comparable elements of the Financial Services and Markets Act 2000 (FSMA) regime, enforced by the Financial Services Authority (FSA). The chapter considers the regulator-led mechanisms of redress available to the OFT to compensate consumers who have lost out at the hands of unscrupulous credit providers. It considers the approach of the FCA and consists of an analysis of the approach to the regulation of consumer credit market by the United States.
Uncontrolled Keywords:
/dk/atira/pure/sustainabledevelopmentgoals/reduced_inequalities
Creators:
Jasinski, D.
Editors:
Ryder, N., Turksen, U. and Tucker, J.
Publisher:
Routledge, Taylor & Francis Group
Faculties, Divisions and Institutes:
?? BLCJS ??
Date:
8 January 2019
Date Type:
Publication
Page Range:
129 - 177
Title of Book:
The Financial Crisis and White Collar Crime – Legislative and Policy Responses : A Critical Assessment
Series Name:
The Law of Financial Crime
Number:
1
Number of Pages:
804986
Language:
English
ISBN:
978-1-138-11997-0
Status:
Published / Disseminated
Refereed:
Yes
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