Consumer Credit Law
/ˈkɒnsjuːmər ˈkrɛdɪt lɔː/
Definitions
- (n.) Body of law regulating credit extended to consumers for personal, family, or household purposes.
Consumer credit law sets the rules lenders must follow when offering credit cards to individuals.
- (n.) Statutory and regulatory framework ensuring transparency, fairness, and protection in consumer credit transactions.
The new amendments to consumer credit law aim to increase disclosure requirements to protect borrowers.
Forms
- consumer credit law
Related terms
See also
Commentary
Term broadly covers statutes and regulations governing consumer lending; drafting should clarify scope with reference to specific jurisdictions or instruments.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.