(Prague, March 29, 2013) The amendment of the Act on Consumer Credit has brought its first results after the first month. All inspectorates of the Czech Trade Inspection Authority have monitored offers and intermediations of credits since the amendment came into force and have reported that the most frequent problems have disappeared despite there still are some exceptions. Consumers asking for credit are advised not to call any telephone numbers charged with high tariffs. The Czech Trade Inspection Authority has welcomed the stronger consumer rights in this respect and keeps checking how the credit providers and intermediaries comply with the legally stipulated obligations. Partial results of the inspections carried out by the CTIA in the first quarter of 2013 will be published after they are evaluated. “Expensive phone calls and other illegal practices will end. In the opposite case, the applied sanctions will be very painful!” warns the Director General of the CTIA Vladimír Velčovský.
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130329-pr-amendment-act-consumer-credit-2013.doc (, 45.00 KB)