Abstrakt
This article deals with selected aspects of the Consumer Credit Act that came into effect on 1 December 2016. Consumer lending is a dynamically developing phenomenon in the Czech Republic and follows the global trend.
With the development of consumer lending, its regulation has also developed, both at European and national levels. Regulation has tried to keep pace with problematic phenomena and practices in the market, but has not always been successful at that.
The effort to cultivate the environment of consumer credit provision eventually resulted in a new Consumer Credit Act. In addition to describing the changes introduced by the new Consumer Credit Act, this article also includes a brief excursion in history, an evaluation of the problematic aspects of the new legislation, and an analysis of the fulfilment of the Act's objectives against the original assumptions from the perspective of more than two years of its application.