CJEU finds that the risks of foreign currency loans must be explained to make foreign currency repayment obligation a core term
September 24, 2017In a decision handed down on the 20th September 2017 in Ruxandra Paula Andriciuc v Banca Romanesca SA the CJEU found that a term...
FCA publishes Dear CEO Letter on complaints handling for consumer credit firms
September 14, 2017On the 13th September the FCA published a Dear CEO Letter to consumer credit firms identifying issues that it has identified as a result...
Test case on lettings agency “administration fees”
September 14, 2017Following an appeal from Camden Council, the Upper Tier Tribunal has ruled that Foxtons' description of its administration fees was insufficient to meet the...
CJEU rules on the appropriate methodology to calculate distance for the purpose of the Air Passengers Compensation Regulation
September 11, 2017Regulation 261/2004 provides for compensation for air passengers in the case of cancelled or delayed flights, the amount of the compensation to be determined...
£1m confiscation order against letting agent
September 11, 2017Following a prosecution by Northamptonshire County Council, a letting agent from Kettering has been ordered to pay a confiscation order of £1.006 million. Harpreet Garcha...
CMA fines Ping for blocking online sales
August 30, 2017The CMA has fined Ping £1.45 million for preventing two UK retailers from selling its golf clubs on their website. Whilst the CMA accepted...
CJEU rules on jurisdiction of a recourse claim involving joint debtors
August 24, 2017C-249/16 Saale Kareda v Stefan Benk concerns a dispute between Mr Benk and his former partner Ms Kareda. In 2007, to finance the purchase...
August’s PLC Column: High-Cost Short-Term Credit
August 24, 2017In August’s Practical Law regulated lending column, Lee Finch provides an overview of the key FCA rules and guidance that apply in the high-cost short-term...
New Paper on Algorithms and the Law
August 22, 2017In a new paper Jeremy Barnett of Gough Square Chambers, together with co-authors Adriano Soares Koshiyama and Philip Treleaven, considers the legal implications of...
Co-ordination of Regulatory Enforcement Regulations 2017 to come into force on 1 October
August 21, 2017The Co-ordination of Regulatory Enforcement Regulations 2017 will come into force on 1 October 2017 and, together with changes made by the Enterprise Act 2016...
Ministry of Justice publishes Plevin guidance for CMCs
August 18, 2017The Ministry of Justice ("MOJ") has published guidance for Claims Management Companies involved in handling PPI mis-selling cases which arise in light of the...
Court of Appeal: no duty of care in interest rate hedging product review
August 4, 2017In the linked appeals CGL Group Ltd v Royal Bank of Scotland plc, Bartles v Barclays Bank plc and WW Property Investments Ltd v...