Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022
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Amendment of Financial Services and Pensions Ombudsman Act 2017 | ||
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18. The Financial Services and Pensions Ombudsman Act 2017 is amended, in section 2(1) — | ||
(a) by the substitution of the following paragraph for paragraph (b) of the definition of “consumer” (relating to a financial service): | ||
“(b) a consumer who was, in relation to a credit agreement, a consumer-hire agreement or a hire-purchase agreement, a customer of the financial service provider in a case where a credit servicing firm undertakes credit servicing in respect of the agreement concerned,”, | ||
and | ||
(b) by the insertion of the following definitions: | ||
“‘consumer-hire agreement’ has the meaning given to it in section 28 of the Central Bank Act 1997 ; | ||
‘hire-purchase agreement’ has the meaning given to it in section 28 of the Central Bank Act 1997 ;”. |