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...
CJEU Case on Durable Medium
February 13, 2017The Court of Justice of the EU ("CJEU") has delivered its judgment in a case concerning the interpretation of articles 36(1) and 41(1) of...
CMA secures undertakings from another university
February 8, 2017On 8 February 2017, the University of East Anglia gave undertakings to the Competition and Markets Authority in respect of the University's contract with...
CJEU case on application of Res Judicata to Unfair Terms
January 27, 2017The CJEU has handed down judgment in Banco Primus SA v Jesus Gutierrez Garcia (Case C‑421/14, 2017). This was a request for a preliminary ruling from...
FCA publishes final guidance on default notices
January 23, 2017The FCA has published its final guidance on the circumstances when it is necessary to serve a default notice on a guarantor before taking...
FCA produces new information sheets
January 20, 2017Under section 86A of the Consumer Credit Act 1974, lenders are required to give debtors a copy of the relevant information sheet when they...
FCA takes first criminal action against unlicensed consumer credit lender
January 19, 2017On 17 January 2017, Mr Dharam Prakash Gopee appeared at Westminster Magistrates' Court charged with offences under the Consumer Credit Act 1974 and Financial...