Consumer Credit Act Reform: Early Signals

Early signals from ongoing Consumer Credit Act reform discussions suggest a move toward greater alignment with Consumer Duty principles, potentially reshaping disclosure and affordability assessment requirements for regulated credit providers.

Firms should read these early signals the way we generally advise reading pre-consultation regulatory commentary: not as a firm timeline, but as a genuine indication of direction that's worth beginning to plan around before formal requirements land.

We're advising consumer credit clients to begin mapping current affordability assessment processes against Consumer Duty's fair value framework now, ahead of formal reform requirements that are likely to expect this alignment already be underway.

This briefing reflects Alden Advisory's general commentary on a developing regulatory topic and is not legal or regulatory advice. Firms should seek specific guidance for their own circumstances.