FCA publishes Policy Statement on treatment of pre-Oct ’04 1st charge mortgages
March 24, 2016The FCA has published a Policy Statement (PS16/7) on the future regulatory treatment of pre-31st October 2004 CCA regulated 1st charge mortgages. In summary,...
Mortgage Credit Directive Regime comes into force today
March 21, 2016Most second charge loans which would previously have been CCA regulated will now be 'regulated mortgage contracts' (existing regulated credit agreements will become consumer...
Assignment fee paid to Landlord Not Credit
January 26, 2016In December, the High Court handed down judgment in Burrell v. Helical [2015] EWHC 3727 (Ch). The landlord’s summary judgment application was granted: a...
New draft Directive on the sale of digital content
December 11, 2015The European Commission has published a new draft Directive on the sale of digital content, the Commission's proposal together with the text of the...
FCA consultation paper on PPI complaints
December 7, 2015The Financial Conduct Authority ("FCA") has issued consultation paper CP15/39 on proposed rules and guidance for firms dealing with payment protection insurance ("PPI") complaints...
Court of Appeal case on statutory interest rate
November 19, 2015On 15th October 2015, the Court of Appeal handed down its decision in Oyesanya v Mid-Yorkshire Hospital NHS Trust [2015] 5 Costs LR 911....
Permission to appeal ‘Plevin’ on quantum refused
November 18, 2015Sir James Munby P has this morning refused the borrower permission to appeal the decision on relief in Plevin v Paragon Personal Finance Limited...
Swift v Ahmed: transactions defrauding creditors
November 18, 2015The Hon. Mr Justice Norris, Vice-Chancellor of the County Palatine, handed down a reserved judgment on 17th November in Swift Advances Plc v Ahmed...
Extortionate credit bargain PPI decision
November 9, 2015HHJ Keyser Q.C. has handed down a reserved judgment in 'Brookman v Welcome Financial Services Ltd', on the application of the 'extortionate credit bargain'...
FCA Consultation paper on pre-2004 1st charge mortgages
November 7, 2015The FCA has published consultation paper CP15/36 on the future regulatory treatment of CCA regulated 1st charge mortgages. Consultation paper available here. This consultation...
Supreme Court hands down judgment on penalties
November 4, 2015This morning the Supreme Court handed down a landmark judgment in the conjoined appeals of Beavis and Cavendish. Jonathan Kirk QC and Thomas Samuels...
FCA publishes credit card market interim report
November 4, 2015The Financial Conduct Authority ("the FCA") has published MS14/6.2, its 'Credit Card Market Study' interim report. According to the FCA's interim findings, competition is...