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CONSUMER CREDIT: PPI pitfall

06 February 2015  

Davina Bentley and Helen Mulcahy investigate a recent Supreme Court ruling on unfairness under the Consumer Credit Act

The Supreme Court recently provided welcome clarification as to whether non-disclosure of the amount of commission received for arranging payment protection insurance (PPI) can amount to unfairness, pursuant to s140A Consumer Credit Act 1974 (the Act). The consequence for an unfair relationship between the creditor and debtor is that the transaction can be reopened.

Additional Info

  • Case(s) Referenced:

    Harrison & anor v Black Horse Ltd [2011] EWCA Civ 1128

    Plevin v Paragon Personal Finance Ltd [2014] UKSC 61