United Kingdom: Consumer Credit

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Consumer protection law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics that involve consumer protection regulations and the developing law surrounding them from specialists working in this area.
Article
When It’s Not Fair, It’s Not Time-barred: Berry V Black Horse
A county court ruling challenges the conventional understanding of limitation periods in consumer credit claims, finding that sections 140A-C of the Consumer Credit Act 1974 may not be subject to statutory time limits at all. Drawing parallels with the Supreme Court's decision on unfair prejudice petitions, the judgment suggests that unfair relationship claims address a 'state of affairs' rather than a breach of duty, potentially opening the door to historic consumer credit litigation. The decision carries
United Kingdom Consumer
PS
Penningtons Manches Cooper LLP
Article
Turning Back Time: FCA And FOS Clash Over Historic Consumer Credit Claims
The High Court has rejected the Financial Ombudsman Service's attempt to investigate consumer complaints about lending decisions made more than six years before complaints were raised, providing critical clarity on time limits for FOS complaints. This landmark decision saw unprecedented intervention by the FCA in support of the banks and arrives amid substantial reform to UK consumer financial services law through the Financial Services and Markets Bill.
United Kingdom Finance
PS
Penningtons Manches Cooper LLP
Article
Probate Loans And Inheritance Advances: How Legal Advice Can Help
When a loved one passes away, beneficiaries often face months of waiting before receiving their inheritance while the estate goes through probate. Probate loans offer early access to funds, but they come with significant costs that increase the longer administration takes. Understanding how these arrangements work, what solicitors can and cannot do, and the true financial implications is essential before proceeding.
United Kingdom Family
Taylor Rose
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