Section 50 of the Consumer Rights Act 2015: should lenders be worried?
This article by Jonathan Lewis was first published in Butterworths Journal of International Banking and Financial Law (JIBFL), September 2017.
Section 50 of the Consumer Rights Act 2015 effectively gives contractual force to anything written or said by traders to consumers where the consumer takes that representation into account in making decisions about the contract. This article considers how this new provision fits into the landscape of consumer protection in the financial sector and considers how lenders can manage its effect on their businesses.
To read the article in full, please see here.
This article forms part of an ongoing series being written by members of the Henderson Chambers Banking Finance and Consumer Credit group for the Butterworths’ Journal of International Banking and Finance Law.