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Are you ready for the Mortgage Credit Directive? D day-21st March is almost upon us

Most mainstream lenders who are used to mortgage credit regulation will be in the process of implementing their changes and many of the requirements will not present too many challenges. Those who have previously only provided second charge mortgages, and …

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Awaiting authorisation for consumer credit? Ignore FCA warning notices at your peril…

On 8 February 2016, the Upper Tribunal (Tax and Chancery Chamber) published its decision in Firm A v FCA,  a decision of which firms still awaiting the outcome of their permission applications should take note. Background On the transfer of regulation …

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ODR Platform now accessible to consumers and traders

Any firm that provides goods or services to consumers, including credit or consumer hire facilities, through an online or electronic process, should be aware of their need to comply from 15th  February 2016 with The Alternative Dispute Resolution for Consumer …

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FCA Releases Paper on Consumer Vulnerability

Yesterday, the FCA launched an Occasional Paper on Consumer Vulnerability  aimed at prompting discussions between the regulator and the industry on how they can work together to address issues around vulnerability. View the full Paper at: http://www.fca.org.uk/your-fca/documents/occasional-papers/occasional-paper-8 Various factors including …

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Consumer Credit Regulatory Burden Recedes for Law Firms?

As most law firms will know, the SRA has recently withdrawn from regulating consumer credit activity for such firms. Such withdrawal would have required firms to seek authorisation from the FCA to continue carrying out this type of work as …

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FCA & Consumer Credit Regime DWF help you navigate through the changes.