Shortcomings concerning offers of consumer credit
(Partial report for 2nd quarter of 2014)(Prague, August 29, 2014) In the 2nd quarter of 2014, inspections of contracts concluded pursuit to the Act on Consumer Credit continued within inspections of intermediaries, credit providers as well as other subjects, including inspections of offers and advertisement on consumer credit. In 57 cases, one third of inspected entities met the legal requirements while breaches detected in the other two thirds of cases varied, however half of the detected shortcomings concerned the Act on Consumer Credit. “The...