CTIA: Penalties for creditors

(Partial report for the first quarter of 2013)

(Prague, June 4, 2013) Controls of the first quarter of 2013 that were focused on compliance with the Act on Consumer Credit repeatedly proved that this Act is also often breached by consumer credit intermediaries. “The Act was especially breached when the offers of consumer credit and related advertising didn’t include the obligatory information. Some intermediaries also didn’t have the appropriate authorization to provide or intermediate consumer credit,” the Director General of the CTIA Vladimír Velčovský said. “In totally 58% of the 69 executed controls, one or more breaches of the obligations stipulated in the Act were detected. 21 decisions to impose sanctions totally amounting to 657.000 CZK were issued in the monitored period.”

The complete press release is available in the attachment.

Celá zpráva zde:

130604-pr-consumer-credit-i-q2013.doc (, 59.50 KB)

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