FCA’s Consumer Credit Review

05 August

On 2 August 2018, the FCA published its Interim Report in its Consumer Credit Review (Discussion Paper DP18/7). The FCA took over regulation of consumer credit on 1 April 2014 and, at that point, a number of provisions which had previously been contained in the the Consumer Credit Act 1974 (“the CCA”) and associated Regulations were replaced […]

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Consumer Credit Brexit Regulations published: No More SECCI

01 August

On 17 July HM Treasury published the Consumer Credit (Amendment) (EU Exit) Regulations 2018. These draft Regulations will come into force on the date that the UK withdraws from the EU. The most notable feature is the abolition of the names “SECCI” (the Standard European Consumer Credit Information) and, for overdrafts, “ECCI” (the European Consumer Credit Information) to […]

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