In March’s Practical Law lending column, James Ross considers the assignment of consumer credit debts.

In a recent article, Jeremy Barnett considers the recent case of Wingate & Evans v SRA [2018] EWCA Civ 366 and the definition of ‘lack of integrity’ at the Solicitors Disciplinary Tribunal, and other professional regulators.

On the 28 March 2018, the Court of Appeal handed down judgment in the case of Fortwell Finance v Halstead, in which Simon Popplewell of Gough Square Chambers successfully appeared for the Respondent. The case concerned a finance company that had provided a bridging loan to a borrower secured over a renovation property.  The borrower had […]

The High Court has handed down judgment in Lukan v Ghana Commercial Finance Ltd (in liquidation) [2018] EWHC 418 (QB). Julian Gun Cuninghame represented Mr Lukan, who successfully appealed a circuit judge’s decision in 2011 not to set aside a possession order. Mr Lukan had entered a bridging loan with a company controlled by Mr […]

On 2 March 2018, the Court of Appeal handed down judgment in the case of Property Alliance Group Ltd v Royal Bank of Scotland plc [2018] EWCA Civ 355; Property Alliance Group’s (“PAG”) appeal was dismissed. Background RBS loaned PAG funds at interest rates linked to the London Inter-bank Offered Rate (“LIBOR”); the provision of […]

The FCA’s new rules on persistent credit card debt come into force today (1 March 2018). Firms have until 1 September 2018 to comply. The new rules require firms to take a series of steps to try and encourage customers in “persistent debt” to change their credit card repayment habits. Subject to some limited exceptions, […]

The Department for Business, Energy and Industrial Strategy has published new a new guidance document for businesses involved in the secondary ticketing market. The Guidance explains consumers’ rights under the Consumer Rights Act 2015 and the obligations on ticketing businesses, including the need to provide specific information regarding the ticket under section 90 of the […]

The Ministry of Housing, Communities & Local Government has launched a consultation on “strengthening consumer redress in the housing market”. The consultation will gather evidence and opinions on improving consumer redress in the housing market with a specific focus on improving existing services and identifying and filling gaps in redress availability. One option on which views are […]

In Richards v McKeown and Another  [2017] EWCA Civ 2374 the Claimant appealed against the County Court’s summary dismissal of her claim on the grounds that it included a personal injury claim which was time barred. The High Court rejected her appeal and the Claimant appealed that decision to the Court of Appeal. The Court of […]

On 9 February 2018, Dharam Prakash Gopee was sentenced to three and a half years imprisonment after being found guilty of offences under the Consumer Credit Act 1974 and the Financial Services and Markets Act 2000. In addition to the custodial sentence, Mr Gopee was issued with a Serious Crime Prevention Order which is designed […]