InCredit March 2014 — consumer credit
This month’s round-up of developments affecting the consumer credit industry sees the Financial Conduct Authority (FCA) announce tough rules for payday lenders; the Competition Commission (CC) publish a third set of working papers on payday lending market investigation; and the OFT update consumer credit license application information.
- FCA announces tough rules for payday lenders; consults on payment institutions
- Consumer Credit Act 1974 (Green Deal) (Amendment) Order 2014
- Transfer of consumer credit regulation
- CC publishes third set of working papers on payday lending market investigation
- ECB publishes PSD2 and interchange fees opinions
- FCA publishes new consumer credit-related webpages
- FCA to publish its Risk Outlook and Business Plan for 2014–15
- IOSCO report: crowdfunding — an infant industry growing fast
- OFT urges universities to treat students in debt fairly
- Government ‘underestimates’ student loan repayments
- OFT updates consumer credit license application information
- Two SI’s relating to transfer of consumer credit regulation published
- FCA modification by consent of MIPRU 4 and SUP 16.2
Click on the link below to read the Addleshaw Goddard briefing.
News from Addleshaw Goddard
News from The Lawyer
Briefings from Addleshaw Goddard
Corporate News: ICSA Registrars Group guidance on articles of association and dividend distributions; and more
Addleshaw Goddard has published the June 2014 edition of Corporate News.
An employee cannot bring a breach-of-contract claim for losses flowing from the manner of dismissal even where the dismissal is in breach of an express contractual disciplinary procedure.
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.