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Consumer Financial Contracts Financial Conduct Authority (FCA) Consumer Protection Laws

Akin Gump Strauss Hauer & Feld LLP

FCA Consultation Paper on Motor Finance Redress Published

Motor finance agreements are often arranged on (or rather near) a motor dealership forecourt. To facilitate the sale of a vehicle, the motor dealer acts as a broker for a consumer to finance that vehicle, with the ultimate...more

King & Spalding

Motor finance litigation moves up a gear with FCA plan

King & Spalding on

The FCA has announced the details of its proposed industry-wide redress scheme for motor finance customers who were treated unfairly between 2007 and 2024. This follows the UK Supreme Court’s recent judgment in the ‘Motor...more

Latham & Watkins LLP

The FCA’s Consumer Duty - Determining “Material Influence”

Latham & Watkins LLP on

The Consumer Duty applies to firms that materially influence consumer outcomes. The Consumer Duty (Duty) (as set out in the FCA’s Policy Statement PS22/9 and guidance document FG22/5) will come into force at the end of...more

Goodwin

The UK Consumer Duty: The FCA’s Reminder for Private Fund Managers

Goodwin on

In our previous client alert, The UK Consumer Duty: Next Steps for Private Fund Managers, we explored the new consumer duty rules contained in PS22/9: A new Consumer Duty. As we noted, the duty applies to managers who provide...more

Latham & Watkins LLP

Consumer Credit Update

Latham & Watkins LLP on

This update takes a look at the FCA’s Interim Report and its initial views relating to the review of the provisions of the Consumer Credit Act 1974 (CCA), which show early signs of a more pragmatic approach to regulation than...more

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