Lords’ Recommendations on Financial Exclusion
April 3, 2017The House of Lords select committee on financial exclusion has published a report (available here). Notably the committee has recommended amendment of the Financial...
FCA proposes new rules for credit card firms
April 3, 2017On 3 April 2017, the FCA proposed new rules intended to help customers who are in persistent credit card debt. The proposal follows the...
Debt Pre-Action Protocol Finalised
March 29, 2017The debt pre-action protocol has now been finalised, although it is yet to be formally published. Its drafting proved controversial and the finalised version...
Asda Stores v Mastercard judgment on interchange fees
March 22, 2017Popplewell J in the High Court recently handed down judgment in Asda Stores Ltd & ors v Mastercard Inc [2017] EWHC 93 (Comm). The issue was...
Bar Council Brexit Papers
March 22, 2017The Bar Council has published the second edition of its Brexit Papers, which look at the implications of Brexit across a variety of practice...
FSCP publishes Brexit position paper
March 6, 2017The Financial Services Consumer Panel ("FSCP") has published a position paper on Brexit. Much of the current UK financial services legislation emanates from the...
FCA sets deadline for PPI complaints
March 2, 2017On 2 March 2017, the Financial Conduct Authority ("FCA") published PS17/3 which contains final rules and guidance on payment protection insurance (PPI) complaints. Most...
High Court Secret Commissions Case
February 28, 2017In another development on the secret commissions front, HHJ Raynor QC, sitting as a High Court judge, handed down judgment in Commercial First Business Limited...
ASA rules against Auction Websites
February 22, 2017The Advertising Standards Authority ("the ASA") has today published rulings against six pay-per-bid auction websites. In total 26 issues were challenged by the ASA...
Responses to MiFID II Consultation
February 19, 2017The Treasury has published a summary of responses to its consultation document on the transposition of the Markets in Financial Instruments Directive 2014/65/EU ("MiFID II")....
CMA concludes cloud storage review
February 18, 2017The Competition and Markets Authority has secured commitments from another three cloud storage providers (Amazon Media EU S.a.r.l, Apple Distribution International and Microsoft Corporation)...
Government response in ATOL reform consultation
February 15, 2017The Government has published a summary of responses to its consultation on reform of the air travel operators licence (ATOL) regime. Following generally positive...