Hogan Lovells Financial Services Regulatory team shares insights on HM Treasury's recently published response to its October 2021 consultation on the scope and form of a new regulatory regime for Buy-Now Pay-Later (BNPL)...more
Almost 50 years after its entry into force, HM Treasury has announced a commitment to reform the Consumer Credit Act 1974 (CCA) with a plan to consult on the direction of reform by the end of this year. The reforms will build...more
Following the Woolard review earlier this year, HMT has published its much anticipated consultation paper on regulating the Buy Now Pay Later (BNPL) market. The industry is likely to have mixed reactions to the proposals....more
It’s just under three weeks until consumer credit firms must start using the FCA’s updated consumer credit information sheets which were published in May this year. In May 2021, the FCA updated its webpage on consumer...more
A claimant failed to bring a time-barred financial mis-selling claim against its bank via the “backdoor” of an unfair relationship claim under s140A and s140B Consumer Credit Act 1974 (CCA). The judgment provides useful...more