InCredit — December 2013: market news
Addleshaw Goddard has released the December 2013 edition of InCredit. This section focuses on market news.
This month’s round-up of developments affecting the consumer credit industry sees the government announce a cap for payday loans; the ECB release its opinion on the directive on the comparability of fees relating to payment accounts; and the FCA announce a review into price comparison sites…
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News from Addleshaw Goddard
News from The Lawyer
Briefings from Addleshaw Goddard
InCredit March 2014 — mortgages: Mortgage Credit Directive text published in OJEU; FCA publishes findings to MCOB survey; and more
The text of the Mortgage Credit Directive (MCD) (2014/17/EU) has been published in the Official Journal of the EU.
According to a company press release, Paragon Bank has become the first new bank to obtain a banking licence from the PRA.
Analysis from The Lawyer
Could Slater & Gordon achieve its stated aim of becoming a top consumer brand by acquiring Pannone?
The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.