Discussion Paper Summary

March 2001

Consumer Credit Law Review: Further Consultation on Proposals in Respect of Charging Interest and Calculating Balances

This paper is an elaboration on issues raised in a previous Ministry paper, Transparency in Consumer Credit: Interest, Fees and Disclosure. 

The purpose of the paper is to seek further feedback concerning proposals in respect of charging interest and the calculation of balances. In particular, the Ministry is keen to hear from submitters who might be affected by the proposals (were they to be implemented) because their software and billing systems would need to be changed.

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