<Table> Consumer Credit Act 1974 <Tr> <Td colspan="2"> Parliament of the United Kingdom </Td> </Tr> <Tr> <Th> Long title </Th> <Td> An Act to establish for the protection of consumers a new system , administered by the Director General of Fair Trading , of licensing and other control of traders concerned with the provision of credit , or the supply of goods on hire or hire - purchase , and their transactions , in place of the present enactments regulating moneylenders , pawnbrokers and hire - purchase traders and their transactions ; and for related matters . </Td> </Tr> <Tr> <Th> Citation </Th> <Td> 1974 c 39 </Td> </Tr> <Tr> <Th> Introduced by </Th> <Td> Geoffrey Howe </Td> </Tr> <Tr> <Th> Territorial extent </Th> <Td> England & Wales ; Scotland ; Northern Ireland </Td> </Tr> <Tr> <Th colspan="2"> Dates </Th> </Tr> <Tr> <Th> Royal assent </Th> <Td> 31 July 1974 </Td> </Tr> <Tr> <Th> Commencement </Th> <Td> 31 July 1974 , 19 May 1985 </Td> </Tr> <Tr> <Th colspan="2"> Other legislation </Th> </Tr> <Tr> <Th> Amended by </Th> <Td> Enterprise Act 2002 Consumer Credit Act 2006 </Td> </Tr> <Tr> <Th colspan="2"> Status : Amended </Th> </Tr> <Tr> <Th colspan="2"> Text of statute as originally enacted </Th> </Tr> <Tr> <Th colspan="2"> Text of the Consumer Credit Act 1974 as in force today ( including any amendments ) within the United Kingdom , from legislation.gov.uk </Th> </Tr> </Table>
what is the aim of the consumer credit act
to establish for the protection of consumers a new system , administered by the Director General of Fair Trading , of licensing and other control of traders concerned with the provision of credit , or the supply of goods on hire or hire - purchase , and their transactions , in place of the present enactments regulating moneylenders , pawnbrokers and hire - purchase traders and their transactions ; and for related matters