FIN.

BBLS unfair relationships exemption confirmed in law

The Business and Planning Act 2020 got Royal Assent on 20 July.  Among wider provisions designed to address issued related to Covid-19, s12 of the Act provides that no order under s140B of the Consumer Credit Act (unfair relationships) is to be made in connection with a credit agreement entered into under the BBLS.  This fulfils the promise made the the Government when the BBLS was put in place, and is to be treated as having come into force on 4 May 2020.

Emma Radmore