United Kingdom: Consumer Credit

HM Treasury has published its Policy Statement on reform of the Consumer Credit Act 1974 (CCA), setting out the planned policy direction following the Phase 1 consultation which closed in July 2025. The statement confirms the intention to repeal many provisions of the CCA, recasting these within the Financial Conduct Authority's (FCA) Handbook (though not necessarily as a direct copy-out). 

The UK government has announced significant reforms to the Consumer Credit Act 1974, scrapping the phase two consultation and moving forward with changes that will remove automatic unenforceability sanctions while shifting many prescriptive requirements from statute to FCA rules.

HM Treasury has published its Policy Statement on reform of the Consumer Credit Act 1974 (CCA), setting out the planned policy direction following the Phase 1 consultation...

In a landmark decision, the UK Supreme Court resolved three conjoined appeals concerning the legality of commission payments made by lenders to motor dealers in hire purchase car finance arrangements.

Significant progress has been made in the last two months in shaping the regulation of Buy Now Pay Later (BNPL). The Government passed legislation on 14 July to bring Deferred Payment Credit (DPC), commonly known as BNPL...

On 1 August 2025, the UK Supreme Court delivered its judgment in the conjoined cases of Hopcraft v Close Brothers Limited...

It's here at last—well, the next set of steps towards a brave new dawn for consumer credit, at least.

In an exciting week for consumer credit lawyers, in addition to the consultation paper on the reform of the Consumer Credit Act 1974 (CCA)...

The UK government's spotlight continues to shine firmly on unregulated sectors, with the ‘buy now, pay later' (BNPL) market attracting its latest attention.