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...
Update on CMA’s gambling investigation
January 19, 2017On 18 January 2017, the Competition and Markets Authority provided an update on its on-going investigation into potential breaches of consumer law in the...
Upper Tribunal decision on variation of permission
January 17, 2017In Koksal (t/a Arcis Management Consultancy) v Financial Conduct Authority [2016] UKUT 478 (TCC), the Upper Tribunal upheld the Financial Conduct Authority's refusal to...
Lord Goodhart QC 1933-2017
January 15, 2017We are saddened by the news that former member of chambers Lord Goodhart Q.C died on 10th January. Our sympathies are with his family....
FCA Recalls CCA Information Sheets
January 4, 2017On 22 December the FCA announced that the new consumer credit information sheets that were due to be used from the 18th January 2017...
FCA Policy Statement: Mortgage Payment Shortfalls
December 21, 2016The FCA has issued policy statement PS15/25 on home finance customers (i.e. customers with mortgages or home purchase plans) who are experiencing a payment...
FCA Statement on PPI
December 21, 2016In August 2016, the FCA published a consultation paper (CP16/20) on setting a deadline for consumers to make any further Payment Protection Insurance ("PPI")...
CJEU ‘VFK’ case: whether Debt Rescheduling Free of Charge
December 21, 2016The CJEU has issued its decision in Verein für Konsumenteninformation (C-127/15), on whether debt rescheduling is 'free of charge' where the debt collection agency's...
FCA Feedback Statement on Crowdfunding
December 19, 2016The FCA has published a Feedback Statement (FS16/13) in relation to its post-implementation review of its crowdfunding rules. The FCA regulates both loan-based and...
CMA launches enforcement investigation into secondary ticket websites
December 19, 2016Today the Competition and Markets Authority has launched an enforcement investigation into suspected breaches of consumer protection law in the online secondary tickets market....