CCA Reform Consultation – why it matters and what you need to know

Last month HM Treasury launched its long-awaited Phase 1 Consultation on Consumer Credit Act Reform - and it’s a landmark moment for everyone operating in or investing in UK credit markets.

This isn’t just about modernising old legislation. It’s about shifting the entire approach to consumer credit regulation and it will affect lenders, credit brokers, funders, investors, fintechs and even SME lenders in time.

The consultation focuses on:

• Information requirements

• Technical sanctions and enforceability

• Criminal offences under the CCA

But that’s just Phase 1. More significant and wide-reaching changes are coming in Phase 2 - including the boundary of regulated and unregulated activity.

We’ve summarised the key proposals, what they could mean for your business and why it’s essential for industry voices to engage now in our summary.  

Download our four page summary here or get in touch with our team if you’d like support formulating a response.  Deadline to respond: 17 July 2025