21 July 2010 | Karen Jacobs
Consumer Affairs Minister, Edward Davey has announced a review of consumer credit and personal insolvency. The review will cover:
How consumers enter into credit commitments, including the way in...
Tags on this discussion: banking banks consumer credit act consumer protection credit Insolvency lenders loan
8 July 2010 | Clare Stothard
The Supreme Court has given judgment in favour of Southern Pacific Personal Loans Limited (“SPPL”).
The appeal raised the question of what is the meaning of “credit”, the “amount of credit”...
13 May 2010 | Karen Jacobs
The Consumer Credit Directive 2008/48/EC (“the Directive”) and the Consumer Credit (EU Directive) Regulations 2010 introduce new rights and obligations. The Department for Business, Innovation...
Tags on this discussion: banking banks
5 May 2010 | Steven Mills
In January this year, his Honour Judge Waksman held that lenders could satisfy their duty under s78 of the Consumer Credit Act 1974 to provide a copy of the consumer credit agreement by providing a reconstituted...
Tags on this discussion: banks consumer credit
7 April 2010 | Karen Jacobs
In general terms, if a claimant discontinues his claim he is usually ordered to pay the defendant’s costs unless the court provides for a different order (CPR 38.6 (1)). In Carey v HSBC [2009] EWHC...
Tags on this discussion: banking banks
10 February 2010 | Karen Jacobs
The Ministry of Justice has published a consultation on whether a minimum threshold should be imposed on orders for sale applications (following a charging order) in relation to consumer credit debts only....
Tags on this discussion: banking banks Litigation
2 February 2010 | Steven Mills
The OFT is consulting on guidance because of concerns that some debtors are being misled into thinking that these sections can be used to get their debts written off and that some creditors are not following...
Tags on this discussion: banking banks consumer credit mortgages Office of Fair Trading OFT
5 January 2010 | Clare Stothard
Can debtors avoid paying their debts under the Consumer Credit Act 1974 ("the Act") if a bank is unable to provide an exact copy of the agreement?
Judge David Waksman held that the banks could satisfy...
Tags on this discussion: banks consumer credit act
17 December 2009 | Karen Jacobs
The claimant had lent the defendant sums totalling £56,450 between 1979 and 1983. Between 1982 and 2001, the defendant made payments totalling £72,336, but according to the claimant, interest had continued...
