Consumer Credit Act 1974: Primary legislation governing consumer credit and debt collection practices, including licensing requirements and consumer protections.
Late Payment of Commercial Debts (Interest) Act 1998: Legislation that provides for statutory interest on late payments in commercial transactions.
Limitation Act 1980: Sets statutory time limits for bringing claims for debt recovery (generally 6 years for simple contracts).
Financial Services and Markets Act 2000: Establishes regulatory framework for financial services including debt collection activities.
Consumer Protection from Unfair Trading Regulations 2008: Prohibits unfair commercial practices and sets standards for business-to-consumer transactions.
Consumer Rights Act 2015: Consolidates consumer protection law and provides key rights for consumers in relation to goods and services.
Financial Services and Markets Act 2000 (Regulated Activities) Order 2001: Specifies which activities require FCA authorization, including certain debt collection activities.
Consumer Credit Information Requirements Regulations 2007: Details the information that must be provided to consumers in credit agreements and debt collection.
FCA Handbook - CONC: Consumer Credit sourcebook providing detailed rules and guidance for firms involved in credit-related activities.
Credit Services Association Code of Practice: Industry standards and best practices for debt collection agencies.
UK General Data Protection Regulation: Regulations governing the processing and handling of personal data in the UK post-Brexit.
Data Protection Act 2018: UK's implementation of data protection standards, working alongside UK GDPR.
Protection from Harassment Act 1997: Prohibits harassment in debt collection, including repeated contacts that cause distress.
Pre-action Protocol for Debt Claims: Court procedures that must be followed before commencing legal proceedings for debt recovery.
