consumer credit activity
28849any one of the following activities carried on by a licensee,84291 firm ,123292 payment service provider 84 291 or electronic money issuer:123292
- (a) providing credit or otherwise being a creditor under a regulated consumer credit agreement;
- (b) the bailment or (in Scotland) the hiring of goods or otherwise being an owner under a regulated consumer hire agreement;
- (c) credit brokerage in so far as it is the effecting of introductions of:
- (i) individuals desiring to obtain credit to persons carrying on a consumer credit business; or
- (ii) individuals desiring to obtain goods on hire to persons carrying on a consumer hire business;
- (d) in so far as they relate to regulated consumer credit agreements or regulated consumer hire agreements:
- (i) debt-adjusting;
- (ii) debt-counselling;
- (iii) debt-collecting; or
- (iv) debt administration;
- (e) the provision of credit information services; or
- (f) the operation of a credit reference agency;
where at the time of the act or omission complained of:
- (g) the licensee84291,84291
firm
,123292
payment service provider
or electronic money issuer123292 was:84291
- (i) covered by a standard licence under the Consumer Credit Act 1974 (as amended); or
- (ii) authorised to carry on an activity by virtue of section 34(A) of that Act; 84291or 84291
- 84291(iii) in accordance with regulation 26(2) of the Payment Services Regulations or regulation 31 of the Electronic Money Regulations,123292 was not required to hold a licence for consumer credit business under section 21 of the Consumer Credit Act 1974; and
- (h) the activity was carried on in the course of a business of a type specified in accordance with section 226A(2)(e) of the Act:
and expressions used in the Consumer Credit Act 1974 (as amended) have the same meaning in this definition as they have in that Act.