The Government has announced that new rules have been proposed by the Treasury for Default Notices required under section 87 Consumer Credit Act 1974 (CCA).
All companies have an obligation to inform HM Revenue & Customs, the UK's tax, payments and customs authority, about transactions in Employment Related Securities that relate to their employees who are undertaking duties in the UK.
The FCA has today published its updated guidance for credit cards, revolving credit, personal loans and overdrafts relating to the coronavirus pandemic.
The full impact of the Coronavirus Disease is yet to be determined but already, it has led to severe market volatility, business closures, furloughing of staff, interest rate cuts and diminished consumer confidence.
Cadwalader, Wickersham & Taft LLP
On 2 April 2020, the UK Financial Conduct Authority ("FCA") proposed a number of temporary measures designed to support users of certain consumer credit products during the adverse...
The UK Financial Conduct Authority (FCA) has published Sector Views, its annual report examining how each financial sector is performing.
The FCA has announced its proposals to address consumer harm in the motor finance market by banning commission models that incentivise brokers (including motor dealers) to increase a customer's interest rate.
Duff and Phelps
It should come as no surprise to the motor industry that the FCA is considering consumer credit rule enhancements that will likely require considerable changes to how car dealerships do business.
Gowling WLG's finance litigation experts look at a number of cases and issues affecting the lending industry.
The FCA has published its Final Report setting out its review of the Retained Provisions of the Consumer Credit Act 1974. It will now be for the Government to decide if it wants to implement ...
The recent decision in Greenlands Trading Ltd & Another v. Girolama Pontearso  EWHC 1282 (Ch) ...
In its 2017/18 business plan, the Financial Conduct Authority (FCA) made a commitment to review the motor finance market, largely due to it being the third largest lending sector in the UK worth £64bn.
Charles Russell Speechlys
At the end of last year, the FCA published a consultation paper and policy statement on its proposed reforms to the way banks charge for overdrafts.
Ropes & Gray LLP
From 9 December 2019, all FCA solo regulated firms, as well as EEA and third country branches will be subject to the SMCR which will replace the current Approved Persons Regime ("APR").
Pinsent Masons LLP
Latest fortnightly round-up of insurance, legal and business developments with analysis and commentary from the insurance team at Pinsent Masons.
Skadden, Arps, Slate, Meagher & Flom (UK) LLP
Despite 20 years of robust legislative activity in the field of consumer protection and the 2013 European Commission recommendation on collective redress mechanisms.
On 4 July 2018, the Financial Conduct Authority (FCA) issued a Consultation Paper (FCA's CP 18/19), setting out its plans to introduce a new Directory.
The FCA has for a number of years voiced its concerns and expectations over consumer vulnerability.
The burden in an unfair relationship claim is on D to disprove the allegation that there was an unfair relationship.
In this case, the High Court considered: (1) whether the claimant (the Bank) was estopped from exercising its right to demand repayment and enforce security over the Defendants' assets ...