Credit in UK Law
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Credit Bids
What is a credit bid? In certain circumstances, a secured lender can ‘bid’ its secured claim against the purchase price in a sale of the secured assets. The secured lender can compete with cash ...
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Christmas on Credit
With the UK festive season now merrily in swing, credit cards maxed out on Black Friday and Cyber Monday bargains and Christmas shopping well under way, will the lure of the Christmas spirit be eno...
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Basel Committee publishes credit risk guidance
The Basel Committee has published guidance on credit risk and accounting for expected credit losses. Comprising 11 principles...
- Consumer Credit
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Who’s driving consumer credit growth?
The FCA has published its latest insight article entitled Who’s driving consumer credit growth? To build a better picture of what is driving consumer credit growth the FCA requested credit referenc...
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SRA adopts consumer credit proposals
The SRA Board has adopted proposals for consumer credit regulation for solicitors. The proposals are that solicitors should be able to carry out certain consumer credit activities under SRA authori...
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Mortgage Credit Directive Order 2015
There has been published on the legislation.gov.uk website the Mortgage Credit Order 2015 (the Order) together with an explanatory memorandum. The Order makes a number of changes to UK legislation....
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FCA publishes consumer credit guides
FCA has published guides to help firms that are applying for permission to carry on a consumer credit regulated activity on various parts of the application form, specifically: - the applicati...
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The nature of credit insurance
In a UK decision it was argued that the position in which the credit insurer ended up was inherently suspicious because it was ‘circular’ in that, if the insurer incurred liability to one person, i...
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PRA updates credit unions forms and guidance
PRA has updated the forms and guidance for credit unions to use when submitting quarterly and annual returns.
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