The judgment brings clarity regarding the fiduciary duty and unfair relationships. The consumer finance sector now awaits the FCA’s plans for a new redress scheme covering commission arrangements....more
8/5/2025
/ Car Dealerships ,
Consumer Financial Products ,
Consumer Lenders ,
Consumer Protection Laws ,
Fiduciary Duty ,
Financial Conduct Authority (FCA) ,
Lenders ,
Loans ,
UK ,
UK Supreme Court ,
Unfair or Deceptive Trade Practices
A consultation that will remain open until 11 April 2023 offers further clarity on the proposals to regulate buy-now-pay-later products.
On 14 February 2023, HM Treasury published its consultation and accompanying draft...more
The letters ask senior management to prioritise implementing the Duty.
On 3 February 2023, the FCA published Dear CEO/Director letters underscoring the immediate (i.e., during the implementation period up until 31 July...more
2/7/2023
/ Consumer Credit Protection ,
Consumer Lenders ,
Dear CEO Letter ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
Insurance Industry ,
Investment Adviser ,
Mortgage Lenders ,
Senior Managers ,
UK