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Showing 61 - 70 of 95 matches filtered by 'Consumer credit'

  • Consumer Credit

    Seminar slides from consumer credit seminar held in Edinburgh on 11 December. The seminar covered how to prepare for FCA authorisation and the issues on authorisation.
  • Consumer Credit - move to the FCA


    This seminar was held at Mitre House, London, on 4 December 2014. The seminar looked at how to prepare for FCA authorisation, including an overview of the application process, and the issues on authorisation, including the FCA's approach to consumer credit.

  • The Financial Markets Watchdog safeguarding consumer rights in Germany

    During the financial market crisis it became apparent that consumers are overwhelmed by the increasing number of financial products, their growing complexity, and a challenging market environment. Due to their lack of understanding, it has been found that consumers are often exploited by misleading marketing methods and abusive service providers. In order to promote fair and orderly markets and to...
  • Histories re-written: the importance of accuracy in Credit Reference Agency registrations

    The consequences of a poor credit rating can be severe and it is important that any default registrations with CRAs are accurate.  Accordingly, individuals are increasingly likely to hold lenders to account over any incorrect registration. In a recent case, Grace v. Black Horse Limited, the Court considers when a default is not rightly a (registerable) default.
  • Hearing the lions roar Supreme Court clarifies powers to reopen credit agreements

    When can the courts reopen a credit agreement because it was “unfair”?  On 12 November 2014, the UK Supreme Court issued judgment in the matter of Plevin v Paragon Personal Finance Limited [2014] UKSC 61.  This judgment clarifies the role of sections 140A-D of the Consumer Credit Act 1974 and the potentially very wide powers they gift to the courts to look again at a credit agreement, when the borrower...
  • FCA announces price cap plan for 'payday lending'

    On 15th July 2014 the Financial Conduct Authority (FCA) released a consultation paper CP14/10 announcing plans to impose a price cap on the amount high-cost short-term lenders can charge.
  • Recent High Court case confirms validity of the use of electronic signatures

    The recent case of Bassano v Toft & Ors [2014] EWHC 377 (QB) (“Bassano”) confirms that credit agreements regulated by the Consumer Credit Act 1974 (the “Act”) can be validly concluded by way of electronic signature. There has been long standing ambiguity surrounding this question since neither the Act nor the subsequent Consumer Credit Act 1974 (Electronic Communications Order 2004) (the “Order”) provided...
  • Credit card market next in line to face FCA scrutiny

    The Financial Conduct Authority announced on 3 April 2014 its intention to undertake a competition review into the UK credit card market. The proposed market study, which is to be launched before the end of 2014, is another example of the FCA using its objective to promote competition to analyse a market and gather detailed information before acquiring full competition enforcement powers next Apri...