(Continuous report of third quarter of 2013)
(Prague, November 19, 2013) CTIA carried out 79 inspections at providers and intermediaries of consumer credit in non-banking sector. Inspectors detected breaches of legal regulations in 45 cases, including 31 cases of violations of one or more provisions of the Act on Consumer Protection. Most shortcomings related to advertisements on provision of consumer credit and prohibited use of deceitful commercial practices. A total of 6 inspected subjects provided or mediated consumer credit without the appropriate trade licence. CTIA imposed sanctions exceeding 800,000 CZK and breaches of the Trade Licensing Act were transferred to appropriate trade licensing offices. Inspections will continue as scheduled till the end of the year.
The complete press release is available in the attachment.
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131119-pr-consumer-credit-3q2013.doc (, 64.50 KB)