‘This autumn, it will be exactly 10 years since the Consumer Rights Act ushered in a new class action regime by allowing opt-out collective proceedings over infringements of competition law. The landscape has certainly changed: according to the Class Representatives Network, set up in 2023 by former financial ombudsman and high-profile class representative Walter Merricks CBE, 44 claims under the new regime have so far been filed to the Competition Appeal Tribunal (CAT).’
Law Society's Gazette, 19th January 2025
Source: www.lawgazette.co.uk
‘The supreme court has granted permission for two car lenders to appeal against a landmark ruling on motor finance commission payments that has left firms fearing a potential £30bn compensation bill.’
The Guardian, 11th December 2024
Source: www.theguardian.com
‘The groundbreaking collective action brought against Mastercard has settled, subject to approval by the Competition Appeal Tribunal (CAT), it was announced yesterday.’
Legal Futures, 4th November 2024
Source: www.legalfutures.co.uk
‘The Financial Conduct Authority (FCA) is to ask the Supreme Court to make a quick decision on whether it will hear the appeal against the recent decision on car finance mis-selling.’
Legal Futures, 14th November 2024
Source: www.legalfutures.co.uk
‘A small firm which failed to have in place a compliance officer for three years and missed transparency requirements two years ago has been fined more than £20,000.’
Law Society's Gazette, 7th November 2024
Source: www.lawgazette.co.uk
‘Lloyds Banking Group has scrapped commission payments across its £15bn motor finance arm after a landmark ruling on car loan misselling, as industry and Treasury officials hold urgent talks amid fears of contagion across the wider financial sector.’
The Guardian, 30th October 2024
Source: www.theguardian.com
‘The solicitors’ regulator is to face unprecedented enforcement action under the Legal Services Act following the discovery of a catalogue of failures in its handling of the 2023 collapse of law firm Axiom Ince.’
Law Society's Gazette, 29th October 2024
Source: www.lawgazette.co.uk
‘The Carson McDowell review into the regulatory events leading up to the Solicitors Regulation Authority’s intervention into Axiom Ince culminates with four pages of recommendations.’
Law Society's Gazette, 29th October 2024
Source: www.lawgazette.co.uk
‘The UK advertising watchdog has cracked down on marketing campaigns by telecoms companies including BT, EE, Virgin Media and O2 for misleading consumers about price rises added to their bills during their contracts.’
The Guardian, 9th October 2024
Source: www.theguardian.com
‘The Solicitors Regulation Authority (SRA) has sanctioned 470 law firms in the past 18 months over failures to comply with its transparency rules.’
Legal Futures, 1st October 2024
Source: www.legalfutures.co.uk
‘The ASA has banned Nike and Sky adverts, on the basis they use so called “dark patterns”. Dark patterns are a range of techniques which cross the line from legitimate advertising techniques to ones which unlawfully nudge consumers into making choices not in their best interests. These decisions come as the ASA joins the CMA in undertaking wider proactive investigations into online choice architecture that amount to unlawful dark patterns.’
Mills & Reeve, 27th September 2024
Source: www.mills-reeve.com
‘Greenwashing continues to be a significant focus for the UK’s competition regulator as its scrutiny of the fashion sector continues.’
Kingsley Napley Criminal Law Blog, 25th September 2024
Source: www.kingsleynapley.co.uk
‘Consumer protection laws, and particularly the Competition and Markets Authority’s (CMA) enforcement powers, have been substantially strengthened by landmark new UK legislation which elevates directly enforceable consumer protection rules to the same status as competition law.’
OUT-LAW.com, 16th September 2024
Source: www.pinsentmasons.com
‘Fatima Jama explores the FCA’s new regulatory regime requiring banks and building societies designated by the Government to assess and fill gaps, or potential gaps, in cash access provision that significantly impact consumers and businesses.’
Mountford Chambers, 5th August 2024
Source: www.mountfordchambers.com
‘The official payment watchdog has considerably scaled back proposed rules designed to force banks and payment companies to refund fraud victims.’
BBC News, 4th September 2024
Source: www.bbc.co.uk
‘Manufacturers and distributors of non-investment insurance products may need to re-consider the efficacy of their product value assessments and ensure they are fully aware of their responsibilities to consumers following the findings of a UK Financial Conduct Authority (FCA) thematic review.’
OUT-LAW.com, 2nd September 2024
Source: www.pinsentmasons.com
‘The UK financial watchdog is to investigate whether insurance companies are ripping off “vulnerable” customers who take out policies designed to financially protect them and their families in case of serious illness or death.’
The Guardian, 28th August 2024
Source: www.theguardian.com
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