On 19 May 2025, HM Treasury issued a consultation on the first phase of its plans to update the Consumer Credit Act 1974.
We have published a new briefing note which looks at this consultation, its impact on firms and the proposed timeline for implementation.
On 16 June 2025, HM Treasury (HMT) issued an update on domestic premises suppliers and buy-now, pay-later (BNPL).
Background
In its consultation on the BNPL regime HMT proposed that domestic premises suppliers – businesses who sell, offer to sell or agree to sell goods or offer to supply or contract to
On 7 March 2025, the Financial Conduct Authority (FCA) published a new web page which sets out the findings from its review of firms’ approaches to the consumer support outcome of the Consumer Duty. The examples of good practices and areas of improvement are intended to help firms understand the FCA’s expectations.
In
On 7 March 2025, the Financial Conduct Authority (FCA) published a new webpage where it outlines the flexibility for firms in the interest rate ‘stress test’ rule and considers the effect of future rate rises on mortgage affordability.
As interest rates fall, the current market approach to interest rate stress testing may be
On 7 March 2025, the Financial Conduct Authority (FCA) published its findings following a multi-firm review of firms’ treatment of customers in vulnerable circumstances. The FCA has also published a review of good and poor practice examples to further help firms provide the right care consistent with the Consumer Duty.
Key findings
The
In the first in our new mini-series exploring the UK’s new Consumer Composite Investments regime, Matthew Gregory, Joe Bamford and Simon Lovegrove set the scene by covering at a high level who the new regime applies to, the impact on unauthorised firms, disclosures and timing generally.
Listen to the podcast here.
1. Introduction
Three claims by individuals against motor finance lenders have recently been upheld by the Court of Appeal which decided that they should receive refunds of commission payments that the lenders had made to the car dealers who were acting as intermediaries/ brokers in respect of the finance arrangements (interest was also awarded to
In the latest Global Regulation Tomorrow Plus episode, Matthew Gregory, Joe Bamford and Simon Lovegrove discuss some of the key issues concerning HM Treasury’s recent consultation on regulating the buy now pay later sector.
Listen to the podcast here.
Introduction
On 17 October 2024, HM Treasury (HMT) issued a consultation paper (CP) which sets out the government’s approach to regulating buy now pay later (BNPL). This CP builds on HMT’s previous consultations that ran between February 2023 and April 2023.
HMT’s latest CP is accompanied by a draft