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Showing 71 - 80 of 95 matches filtered by 'Consumer credit'

  • Consumer Credit Update for Motor Finance Firms

    06/12/2013
    Further to our recent articles on ‘Consumer Credit: Preparing for FCA Supervision’, we have looked at five recent items of interest for motor finance firms: the scope of the limited permission regime; new status disclosure requirements; whether firms will be obliged to ensure brokers' compliance with the new rules; forbearance and modified agreements; and the continuing concerns over the new regulated...
  • Payday lending compliance review – an end to “instant credit”? – Update

    06/12/2013
    This article, an update to our previous article, looks at the proposals of both the OFT and FCA, whilst considering the future developments that may occur in this industry. Although clearly directed at the payday sector, the standards expected could as easily be adapted and applied to other credit scenarios.
  • Payday lending compliance review – an end to “instant credit”? – Update

    06/12/2013
    This article, an update to our previous article, looks at the proposals of both the OFT and FCA, whilst considering the future developments that may occur in this industry. Although clearly directed at the payday sector, the standards expected could as easily be adapted and applied to other credit scenarios.
  • Consumer credit: preparing for FCA supervision

    17/10/2013
    On 1 April 2014, consumer credit regulation will move from the Office of Fair Trading (‘OFT’) to the Financial Conduct Authority (‘FCA’). Where before, a firm needed a consumer credit licence to operate in this sector, under the new regime firms will need either full FCA authorisation; ‘limited permission’ authorisation (a new provision for lower-risk consumer credit activities); to act as an Appointed...
  • Consumer credit for motor dealers : preparing for FCA supervision

    13/10/2013
    On 1 April 2014, consumer credit regulation will move from the Office of Fair Trading (‘OFT’) to the Financial Conduct Authority (‘FCA’). Where before, a firm needed a consumer credit licence to operate in this sector, under the new regime firms will need either full FCA authorisation; ‘limited permission’ authorisation (a new provision for lower-risk consumer credit activities); to act as an Appointed...
  • Poland: improved supervision and consumer protections in financial services

    20/09/2013
    Regulation of the financial services market is to be strengthened, to increase protection for consumers and help identify and eliminate unlicensed businesses.
  • Transfer of Consumer Credit to the FCA - Measuring Your Readiness

    07/08/2013
    The Government has announced that the FCA will take over responsibility for regulating consumer credit from April 2014. 
  • Consumer credit - preparing for FCA supervision [presentation]

    18/06/2013

    PDF slides from CMS seminar.

    Download
  • Consumer credit agreements

    19/03/2013
    It has long been the case under section 61 of the Consumer Credit Act 1974 (the “Act”) that regulated agreements need to be physically signed by the customer and by or on behalf of the creditor.