On 19 May 2025, HM Treasury (HMT) published a consultation paper (CP) on Phase 1 of its proposals to reform the Consumer Credit Act 1974 (CCA).
Background
HMT previously consulted in December 2022 on proposals to reform the CCA, publishing its response in July 2023. In its response
On 19 May 2025, HM Treasury (HMT) published its response to the 2024 consultation on bringing buy-now-pay-later (BNPL) products into regulation, setting our its final position on the proposals as well as summarising the feedback received. HMT also confirmed that it would lay the draft affirmative statutory instrument (SI)
On 7 May 2025, the Financial Conduct Authority (FCA) published a policy statement, PS25/3, on consumer credit regulatory returns: credit broking, debt adjusting, debt counselling and providing credit information services.
Background
The FCA consulted in September 2024 (in CP24/19) on its proposal to issue a new regulatory reporting return for consumer
On 1 May 2025, the Financial Conduct Authority (FCA) published a new webpage, Consumer Duty: International payment pricing transparency – good and poor practice. The webpage sets out examples of good and poor practice in how firms communicate the cost of international payments.
Background
The FCA explains that it has seen differences
On 30 April 2025, UK Finance published the third version of its Financial Abuse Code (the Code).
The Code was first launched in 2018 with the aim of increasing awareness and understanding amongst firms and their staff of financial abuse and how to identify the signs. It was revised in 2021 and has now
On 16 April 2025, the Financial Conduct Authority (FCA) published a consultation paper, CP25/9, on further proposals on product information for consumer composite investments (CCIs).
Background
The FCA consulted in CP24/30 on a new product information regime for CCIs, which is intended to be a simpler and more flexible system
On 14 April 2025, the Financial Conduct Authority (FCA) published the findings from its multi-firm review of how retail banks and building societies approach the treatment of customers in vulnerable circumstances that involve bereavement and power of attorney (PoA), highlighting examples of good practice and areas for improvement.
Background
As part
On 11 April 2025, the Financial Conduct Authority issued Occasional Paper 66 – Playing the market: a behavioural data analysis of digital engagement practices and investment outcomes. In the Occasional Paper the authors draw upon a large representative sample of consumer data from several trading app firms (platforms that allow users to buy and