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International Law

: Australian Regulatory Compliance Review

Mandatory Comparison Rates (MCR) Review

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The Ministerial Council for Consumer Affairs (MCCA) has agreed to reform the scheme of Mandatory Comparison Rates in the Consumer Credit Code. There was in principle agreement to repeal the requirement to provide consumers with ?schedules? of comparison rates, while the format and calculation of comparison rates in credit advertisements will be substantially revised. MCCA has publicly released the Final Impact Statement on Mandatory Comparison Rates (pdf). The Statement concludes tha read more

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Full post as published by Australian Regulatory Compliance Review on May 28, 2008 (boomark / email).

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