16 November 2011 | Jackie Hanlon
Last month, following a consultation between 10 March and 2 June 2011, the Office of Fair Trading (OFT) published a revised version of its Debt Collection Guidance. It was last revised in December 2006.
The...
Tags on this discussion: banks consumer credit act consumer protection consumers Credit Cards Debt Collection Guidance Debt recovery debtors debts Irresponsible Lending Guidance lenders Office of Fair Trading OFT
5 April 2011 | Steven Mills
In 2009, banks were facing a flood of claims pursuant to section 78 of the Consumer Credit Act 1974 (“the Act”). The Act provides that a creditor under a regulated agreement for running account credit...
Tags on this discussion: bank banking banks CCA costs discontinuance reconstituted
28 September 2010 | Karen Jacobs
The OFT has identified a number of concerns in relation to the debt management industry. The consumers may be vulnerable and the issues which confront them can be complex. There are a number of government...
Tags on this discussion: banking banks consumer advice consumer credit enforcement OFT
31 August 2010 | Steven Mills
His Honour Judge Waksman has delivered another judgment in favour of lenders. The claims all related to the interest rates stipulated on a regulated agreement relating to credit cards. The central...
Tags on this discussion: APR banking banks consumer credit consumer credit act consumer laws consumer protection contractual term interest interest rate
24 August 2010 | Steven Mills
BIS, the Department for Business Innovation & Skills has published a quick start guide and more detailed guidance on the regulations implementing the Consumer Credit Directive.
Please see the link...
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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
17 May 2010 | Steven Mills
The Competition Commission wants to introduce a ban on selling PPI (excluding retail PPI) at the point-of-sale. The decision is provisional and open to final consultation. The Competition Commission...
Tags on this discussion: banks building societies Competition Commission payment protection insurance PPI
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...
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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....
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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