<Tr> <Th_colspan="2"> Revised text of statute as amended </Th> </Tr> <P> The Consumer Credit Act 2006 (c 14) is an Act of the Parliament of the United Kingdom intended to increase consumer protection when borrowing money . </P> <P> The main provisions of the Act are to extend the scope of the Consumer Credit Act 1974, to create an Ombudsman scheme, and to increase the powers of the Office of Fair Trading in relation to consumer credit . In addition, it permits borrowers to challenge unfair debtor - creditor relationships in court . </P> <P> The 2006 Act brings two further types of agreement under the scope of the 1974 Act: </P>

What does the consumer credit act 2006 do