2 PAYMENT METHOD PROFILES: CARD
European Union The Consumer Credit Directive regulates consumer credit in the EU, with requirements related to creditworthiness assessments and consumer transparency, requiring lenders to adhere to standardized pre-contractual formats, including information on the total cost of the credit as an annual percentage of the total amount to allow for easy comparison.
Australia The Privacy Act and the National Consumer Credit Protection Act are two regulations governing data access rights for consumers and rights to correct inaccuracies within their credit reports.
United Kingdom The Consumer Credit Act regulated consumer credit in the UK, requiring transparent and accurate information about the cost of credit. The act also includes requirements for responsible, fair, and equal access to credit.
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