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Showing 41 - 50 of 95 matches filtered by 'Consumer credit'

  • FCA announcement on motor finance

    Today the FCA announced the key questions that underpin the ongoing work on motor finance. Background The FCA’s Business Plan 2017/18 highlights concerns with lack of transparency, potential conflicts of interest, and irresponsible lending in the motor finance industry. The FCA stated its intention to “conduct an exploratory piece of ...
  • First FCA undertaking under Consumer Rights Act published

    On 12 July 2017, the Financial Conduct Authority (“FCA”) published on its website notice of an undertaking given by London General Insurance Company Limited (“LGIC”) in respect of the terms and conditions of LGIC’s extended warranty policy (the “Policy”). The Policy is provided by Nationwide Building Society (“Nationwide”) to certain ...
  • New rules for PPI complaints

    The FCA has finalised its plans to place a deadline on PPI complaints. FCA policy statement (PS17/3) states the deadline as 29 August 2019. The FCA has also issued final rules and guidance for firms regarding how to handle complaints following the Supreme Court judgment in Plevin v Paragon Personal ...
  • Credit cards: persistent debt and creditor intervention

    Following the findings of the credit card market study (MS14/6)[1], the FCA has launched a consultation paper (CP17/10) on persistent debt and earlier intervention remedies. In its earlier credit card market study the FCA found that competition was working fairly well for most credit card customers. They had, however, significant ...
  • Alison McHaffie’s Financial Services Investigations and Enforcement Column: December 2016

    This article first appeared on Practical Law and is published with the permission of the publishers. What a difference a year makes. A look back at FCA enforcement activity in 2016 reveals a dramatic drop both in the number and the size of financial penalties being imposed by the FCA. ...
  • New FCA review of access to financial services highlights problems and tentative solutions

    In May 2016, the Financial Conduct Authority (“FCA”) published Access to Financial Services in the UK, an “Occasional Paper” describing the findings of research commissioned by the FCA. Although it has no legal force, it analyses the issue of access to financial products in comprehensive detail and provides a balanced ...
  • Avoiding, managing and resolving Regulatory actions and disputes


    We have published our Avoiding, managing and resolving Regulatory actions and disputes brochure, which highlights the expertise of our team of specialist contentious regulatory lawyers.

    Our team has represented firms and individuals in over 300 regulatory investigations and inquiries across retail and wholesale and have advised on most of the significant matters in recent years, including FSCS claims, interest rate hedging review, LIBOR, ETV transfers, FX manipulation, payday lending, governance, TCF, retail mis-selling, consumer credit and senior management.

    To view or download the brochure, please click on the link in the title.

  • Belgian regulator rules out Belgian consumer credit receivables from the international securitization market

    Pursuant to Belgian law, Belgian consumer credit receivables may only be purchased by the following regulated entities: (1) registered consumer credit lenders; (2) the National Bank of Belgium; (3) the Belgian Deposit and Financial Instrument Protection Fund; (4) credit insurers; (5) registered debt collectors; and (6) certain undertakings for collective ...
  • FCA Call for Input on the review of retained provisions of the Consumer Credit Act

    Background On 18 February 2016, the FCA published a Call for Input to review the retained provisions of the Consumer Credit Act (CCA). When consumer credit regulation moved from the Office of Fair Trading to the FCA on 1 April 2014, a number of CCA provisions were repealed by Parliament ...
  • Bulgaria: New bill on consumer lending related to residential real estate properties

    On 3 February 2016, a new bill on consumer lending related to residential real estate properties, which transposes Directive 2014/17/EU (the “Mortgage Credit Directive”), was uploaded on the Bulgarian Parliament’s website. Mortgage loans are currently governed by specific provisions of the Consumer Lending Act. The anticipated adoption of a new, ...