Hisbah as a Consumer Protection Institution in Malaysia: A Special Reference to Islamic Consumer Credit Industry

2019 ◽  
pp. 69-87
Author(s):  
Rusni Hassan ◽  
Ilyana Ilias
Keyword(s):  
Special Reference ◽  
Consumer Protection ◽  
Consumer Credit

A Sisyphean Task

2018 ◽  
pp. 72-92
Author(s):  
Stuart Aveyard ◽  
Paul Corthorn ◽  
Sean O’Connell
Keyword(s):  
Monetary Policy ◽  
Consumer Protection ◽  
Consumer Credit ◽  
Strong Impact ◽  
Cooperative Movement ◽  
Consumer Durable ◽  
Affluent Society ◽  
The Impact

Chapter 3 examines debates about controls on consumer credit from late 1957 to 1964. As in Chapter 2, this chapter provides a fresh appraisal of Labour’s response to the affluent society. The party attempted to outflank the Conservatives on the issue of consumer protection. It embarrassed the Conservatives over their sluggish response to the Molony Committee’s recommendations on hire purchase legislation. The chapter also supports previous analyses that have identified the strong impact of new consumerist groups, particularly the Consumers’ Association and the weakening role of the Cooperative Movement. The issue of credit controls became more contentious. The Radcliffe Committee on monetary policy (1958) highlighted the weaknesses of the system. Of particular concern was the impact of controls on consumer durable industries. They were removed in 1958, but reintroduced, in 1960, following a dangerous rise in consumer indebtedness.

Consumer Credit on the Eve of Affluence

2018 ◽  
pp. 20-47
Author(s):  
Stuart Aveyard ◽  
Paul Corthorn ◽  
Sean O’Connell
Keyword(s):  
Consumer Protection ◽  
Free Market ◽  
Demand Management ◽  
Consumer Credit ◽  
Credit Market ◽  
Balance Of Payments ◽  
Consumer Durables ◽  
Keynesian Theory ◽  
Election Victory

The chapter begins with an examination of debates around consumer protection and hire purchase in the 1930s. It explains the emergence and significance of the Hire Purchase Act, 1938. It explores radical (but thwarted) Labour plans to reshape important sectors of the consumer credit market during the 1940s. The chapter then explains the influence of Keynesian theory and its role in generating new policy on economic demand management. The Conservative election victory of 1951 owed much to the party’s courtship of voters with free market rhetoric, but this government instigated hire purchase controls to improve the balance of payments and combat inflation. Labour dubbed the measures ‘a very vicious piece of class legislation’. This policy created long-standing disagreement between the Treasury and the Board of Trade (and consumer durables manufacturers) about the damage to UK manufacturing. The chapter outlines developments up until the Radcliffe Committee was tasked to examine the issue.

Consumer credit calculations

1980 ◽  
Vol 107 (3) ◽  
pp. 327-344
Author(s):  
C. D. Daykin
Keyword(s):  
Consumer Protection ◽  
Consumer Credit ◽  
Minimal Degree ◽  
Complex Field ◽  
Degree Of Control ◽  
The Law ◽  
The Government ◽  
Set Up

1.1. In 1968 the government of the day set up a committee under Lord Crowther to carry out a wide-ranging review of consumer credit. At that time only a few aspects of this complex field were covered by legislation and there was a minimal degree of control and consumer protection. The Crowther Committee reported in March 1971 with a fairly voluminous report, making extensive recommendations for changes in the law and for greatly increased control of this increasingly important area of consumer affairs.

Cooperative Consumer Credit, with Special Reference to Credit Unions.

1937 ◽  
Vol 52 (4) ◽  
pp. 625
Author(s):  
Arthur E. Albrecht ◽  
M. R. Neifeld
Keyword(s):  
Special Reference ◽  
Consumer Credit ◽  
Credit Unions

Truth in Lending? Consumer Credit and Social Policy after Crowther

2018 ◽  
pp. 170-195
Author(s):  
Stuart Aveyard ◽  
Paul Corthorn ◽  
Sean O’Connell
Keyword(s):  
Social Policy ◽  
Consumer Protection ◽  
Credit Markets ◽  
Consumer Credit ◽  
Personal Finance ◽  
Race And Gender ◽  
Survival And Growth ◽  
And Gender ◽  
The Impact

Chapter 7 addresses consumer protection issues from the 1970s onwards. It discusses the increasingly complex connections between mortgage and consumer credit, particularly in terms of second mortgages. It discusses the consumer credit protection put in place by the Consumer Credit Act. It explains how important decisions taken at that point increased further the UK’s diverse and liberalized consumer credit markets and enabled the survival (and growth) of forms of sub-prime credit that died elsewhere in Europe. The chapter also addresses issues around credit discrimination on the grounds of race and gender. It probes the reaction of consumer groups to the backlash to consumerism and the liberalization of personal finance markets under the Thatcher regime. The chapter also breaks new ground in exploring the impact of Europe, with an exploration of the hostile response that emerged when the European Parliament’s Consumer Directive threatened to curtail the UK’s consumer credit markets.

Regulating the Price of Consumer Credit

1971 ◽  
Vol 35 (4) ◽  
pp. 21-28 ◽  
Author(s):  
John J. Wheatley ◽  
Guy G. Gordon
Keyword(s):  
Consumer Protection ◽  
Low Income ◽  
Free Market ◽  
Consumer Credit ◽  
Market Process ◽  
Protection Devices ◽  
Credit Channels ◽  
The Impact ◽  
Low Income Consumers

Laws to limit the rate of interest or service charges on consumer credit are presented as consumer protection devices on the grounds that credit grantors have an advantage over their customers. Opponents of such laws argue that they impair the free market process, that consumers will have to pay credit costs indirectly (such as through increased prices), and that low-income consumers may be forced out of regular credit channels and into the arms of illegal loan sharks. This article summarizes a study to determine the impact of a credit rate limitation law on businesses and consumers.

scholarly journals REGULATORY CHOICES OF RUSSIAN AN D UKRAINIAN LEGISLATORS IN CONSUMER CREDITS: A COMPARATIVE PERSPECTIVE

2018 ◽  
Vol 6 (4) ◽  
pp. 100-125
Author(s):  
Kirill Molodyko
Keyword(s):  
Consumer Protection ◽  
Consumer Credit ◽  
Comparative Perspective ◽  
Eu Law ◽  
Creditor Rights ◽  
Consumer Loans ◽  
The Future

Russia and Ukraine have recently adopted complex statutes on consumer credit. Ukraine, unlike Russia, declared the aim of the new act, inter alia, harmonization of the legislation with international and EU standards. Prior to enactment, both countries had a fragmentary regulation of few aspects of consumer credit in general consumer protection laws. I consider peculiarities of the elimination of the contract disproportion of debtor and creditor rights in contracts on consumer credit under new Russian and Ukrainian regulations from a comparative perspective. EU law does not regulate some important issues covered by Russian and Ukrainian legislations, e.g. priority of payments. On the contrary, some useful concepts, which are applicable to consumer loans under EU law, like “linked credits,” “open-end agreements” are absent in both Russian and Ukrainian laws. While comparing new Russian and Ukrainian consumer credit statutes, it is clear that in some aspects the Ukrainian one is pro-consumer, and in some other aspects the Russian one is more pro-consumer. Some provisions of both Russian and Ukrainian consumer credit statutes are very controversial and unclear; in some instances they could lead to debt slavery, so they must be corrected in the future.

Sign in / Sign up

Export Citation Format

Share Document