Guidance on The Consumer Protection (Payment Surcharges) Regulations 2012
Written by Administrator Sunday, 21 April 2013
The British Department for Business Innovation & Skills has published the guidance on The Consumer Protection (Payment Surcharges) Regulations 2012. This 16-pages-long document provides an outline (the whole act is available here) of the Consumer Rights (Payment Surcharges) Regulations 2012 and their requirements. The surcharges are often applied by the enterprises to the price of goods and services when the consumer chooses to pay for them in a particular way, like using credit card. The Regulations ban disproportionate surcharges, only allowing them to be high enough to cover the expenses arising from using the given way of payment. Read more...
Guidelines on a reasonable standard of living and reasonable living expenses 2013
Written by Administrator Sunday, 21 April 2013
Guidelines on a reasonable standard of living and reasonable living expenses 2013 have been published recently by the Insolvency Service of Ireland . The main intention of these guidelines is to provide directions to Approved Intermediaries and Personal Insolvency Practitioners in assessing what is considered to be a ‘reasonable’ standard of living and living expenses. These guidelines will aid the process of long-term restructuring measures and allow the debtor to calculate the value of repayment so as to ensure their sustainability while maintaining minimum living standards. The general objective is to allow the debtors to recover all, or at least part, of the debts they are due.
You can download the whole text here Last Updated ( Sunday, 21 April 2013 ) Read more...
EC Public consultation on bank accounts
Written by Administrator Sunday, 21 April 2013
The Commission has launched a public consultation on Bank accounts . The purpose of the consultation is to gather stakeholders’ views on the need for action and on the possible measures to be taken in relation to the issues of transparency and comparability of bank account fees, bank account switching and access to a basic payment account. All citizens and organisations, as well as market participants, national governments and national competent authorities are welcome to respond to the consultation. Deadline: 12 June 2013.