HM Treasury published its long-anticipated consultation on Phase 1 of the proposed reform of the Consumer Credit Act 1974 (CCA) on 19 May 2025. The consultation signals a significant move away from prescriptive legislation...more
On 19 May 2025, HM Treasury released a suite of publications as part of its ongoing efforts to modernise the UK’s consumer credit framework. These include the Consumer Credit Act Reform – Phase 1: May 2025 Consultation, the...more
5/20/2025
/ Borrowers ,
Buy Now Pay Later (BNPL) ,
Consumer Protection Laws ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
HM Treasury ,
Lenders ,
New Regulations ,
Popular ,
Proposed Legislation ,
Regulatory Requirements ,
UK
The Woolard Review team has acted swiftly in publishing their recommendations to the FCA, publishing their findings just over two months after the initial Call for Input closed. The Review contains a number of recommendations...more
2/3/2021
/ Borrowers ,
Consumer Financial Products ,
Coronavirus/COVID-19 ,
Credit ,
Credit Unions ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
Forbearance Agreements ,
Infectious Diseases ,
Lenders ,
UK ,
Unsecured Debt