Published : 2019-10-01

Register of consumer credit intermediaries as a form of legal protection of consumers

Abstract

Introduced in 2017, the obligatory entry of credit intermediaries into the public register, kept by the Polish Financial Supervision Authority, is another result of legislative work aiming at improving the general level of security on the market of credits and loans granted to consumers. The study carried out a detailed analysis of legal regulations determining the entry in the register, as well as the legal doctrine. The aim is to demonstrate that the entry in the register is of a constitutive nature, since the option of loan brokerage carried out on a continuous basis, organized and paid, and thus having the characteristics of a business activity, depends on it. Another goal is to establish that the activities of credit brokers are regulated activities within the meaning of the Entrepreneurs Act. To sum up, it was assessed that the introduction of a mandatory entry in the register made it possible to organize this part of the loan market and to improve the safety of consumers using the services of credit intermediaries.

Keywords:

credit intermediary, consumer credit, consumer, public register

JEL Codes

G21, G23, K230


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Ofiarski, Z. . (2019). Register of consumer credit intermediaries as a form of legal protection of consumers. Safe Bank, 76(3), 130–145. https://doi.org/10.26354/bb.7.3.76.2019

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