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Consumer Financial Contracts Banking Sector

Hogan Lovells

FCA final Consumer Duty rules and guidance published: time for firms to put the pedal to the metal

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With the publication of the final rules there is now only a year to go before firms must comply with their Consumer Duty obligations. The FCA has emphasised that this must be a major cultural shift. While it’s good news that...more

Holland & Knight LLP

Stakeholders Debate Public Policy Issues Surrounding Consumer Debt in America

Holland & Knight LLP on

A number of diverse stakeholders gathered at George Mason University (GMU) on Nov. 18, 2019, to participate in a program entitled "Consumer Debt in America: What Would Rate Caps and Student Loan Forgiveness Mean?" The debate,...more

A&O Shearman

UK Conduct Regulator Further Examining Duty of Care Owed by Firms to Consumers

A&O Shearman on

The Financial Conduct Authority has published a Feedback Statement to its July 2018 discussion paper, "A duty of care and potential alternative approaches". In the discussion paper, the FCA raised the possibility of...more

A&O Shearman

UK Conduct Authority Contemplates Introducing a New Duty of Care

A&O Shearman on

The Financial Conduct Authority has published its Approach to Consumers alongside a discussion paper on the potential introduction of a new duty of care and possible alternative approaches. The Approach to Consumers forms...more

Ballard Spahr LLP

House approves FY 2017 appropriations bill containing curbs on CFPB authority

Ballard Spahr LLP on

By a vote of 239-185, the House of Representatives has approved a fiscal year 2017 appropriations bill that contains various provisions intended to curb the CFPB’s authority. Those provisions would fund the CFPB through the...more

Stinson - Corporate & Securities Law Blog

Fed Wants Limits on Qualified Financial Contracts of Large Banks

The Board of Governors of the Federal Reserve System is inviting comment on a proposed rule to promote U.S. financial stability by improving the resolvability and resilience of systemically important U.S. banking...more

Ballard Spahr LLP

New York Times article omits critical pro-arbitration facts

Ballard Spahr LLP on

An article on consumer arbitration in this week’s Sunday New York Times concludes that “[b]y inserting individual arbitration clauses into a soaring number of consumer and employment contracts, companies… devised a way to...more

Ballard Spahr LLP

CFPB extends comment period on credit card issues

Ballard Spahr LLP on

In March 2015, the CFPB issued a request for information on 12 topics relating to the credit card market. The request set a due date of May 18, 2015 for comments. In a notice published in yesterday’s Federal Register, the...more

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