... very high amounts of interest. The result was if an individual was unable to pay then repayments they could face legally proceedings and have their property seized. The CCA was introduced so as to stop unscrupulous firms and individuals from operating and to offer greater protection to individuals purchasing using credit. The Bugatty-Droog's have asked to be informed of the UK and EU law pertinent to lending to individuals. The UK has its own laws in respect of consumer credit, the CCA and directives that have come from the EU. The EU has used much of the CCA when drafting laws for the EU. The reason for this was the Crowther report "was the most thorough and far reaching analysis of consumer credit that has ever been undertaken in any EU member state. The Crowther report took into account consumer credit in the USA, UK and EU and adopted a very ...

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