Worldwide: Consumer Credit

It's been a while in the making, but the FCA has finally confirmed the form of the redress scheme that will compensate customers who were treated unfairly when taking out motor finance.

Beginning on April 18, 2026, employers in New York, with few limited exceptions, will be barred from obtaining or using an individual’s credit score or consumer credit history during or after hiring of an employee.

Senator Josh Hawley (R-MO) recently sent a letter to Fair Isaac Corporation announcing that as Chairman of the Senate Judiciary Subcommittee on Crime and as a member of the Subcommittee...

President Donald Trump has announced a proposed cap on credit card interest rates and voiced support for legislation addressing credit card transaction fees.

In 2025, as in prior years, New York State and New York City enacted a flurry of new laws/ordinances at the end of the year.

On December 19, 2025, New York Governor Kathy Hochul signed into law S03072, amending the New York Fair Credit Reporting Act1 to prohibit New York employers from obtaining or using consumer credit history in hiring and personnel decisions.

Listen in for the latest developments in UK mortgage regulation with our insightful podcast, "Consumer Credit in Focus", where experts from our London Financial Services Regulatory team break down the recent Financial Conduct Authority's discussion paper on possible future reforms to UK mortgage regulation.

The CFPB has reached a settlement in its lawsuit against FirstCash, Inc. and its 19 subsidiaries alleging violations of the Military Lending Act (MLA). The parties have jointly filed a stipulated final judgment...

Once hailed as the sleek, interest-free alternative to credit cards, buy-now-pay-later (BNPL) loans have become a defining feature of modern consumer finance.