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Representative APR
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Representative APR : ウィキペディア英語版
Representative APR
A Representative APR is a financial service concept in which credit or loan interest rates quoted through advertising media are required to take into account all charges associated with a product, in addition to the interest rate.
== History ==
For years, financial services companies have been required to quote an Annual Percentage Rate (APR) in any credit terms or advertisements. Up until 2010, all businesses had to comply with the Consumer Credit (Advertisement) Regulations 2004 (2004 Regulations).〔Department for Business, Innovation and Skills, "(Regulations Implementing The Consumer Credit Directive: Quick Start Guide" ), Aug 2010, page 3〕
However, all European Union member states adopted a new Directive in April 2008. This has been implemented in the UK by the Consumer Credit (EU Directive) Regulations 2010, which came into force for all UK companies on 1 February 2011.
While the Directive is similar to the existing policies adopted in the UK, there are a couple of major changes. One of the most important of these is introduction of a ‘Representative APR’.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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