‘George Osborne said the cap on the overall cost of credit was the next logical step as the coalition sought to regulate what had been a wholly unregulated market.’
The Guardian, 25th November 2013
Source: www.guardian.co.uk
‘A father and son convicted of illegal money lending have been ordered to pay back more than £300,000 in assets.’
Local Government Lawyer, 25th November 2013
Source: www.localgovernmentlawyer.co.uk
“Three Manchester loan sharks who charged vulnerable people 100% interest and menaced them by mobile phone have been jailed.”
BBC News, 24th September 2013
Source: www.bbc.co.uk
“The High Court has found that liquidators under a voluntary liquidation are not data controllers for the purposes of the Data Protection Act 1998 (“DPA” or “Act”) and so are not personally responsible for compliance with the Act.”
Technology Law Update, 2nd September 2013
Source: www.technology-law-blog.co.uk
“Joint liquidators of a company were not data controllers within the meaning of section 1(1) of the Data Protection Act 1998 in respect of data processed by the company prior to its liquidation.”
WLR Daily, 8th August 2013
Source: www.iclr.co.uk
“Almost a third of the payday lenders ordered to clean up their practices have opted to withdraw from the industry, the Office of Fair Trading has revealed, as the deadline for firms to respond passed.”
The Guardian, 30th July 2013
Source: www.guardian.co.uk
JSC BTA Bank v Ablyazov (No 10) [2013] EWCA Civ 928; [2013] WLR (D) 305
“In determining the meaning of the term ‘assets’ in a freezing order, account should be taken, as part of the background and context of such orders, of their purpose, in the way that anyone construing any document should take account of the background of it. Where the words used clearly and unequivocally led to the conclusion that the term ‘asset’ included that which could not be the subject of execution, effect must be given to the words. Where they did not, the purpose of such orders would be a significant factor in determining the meaning of the term ‘asset’ in that context and a pointer against including the particular right under consideration.”
WLR Daily, 25th July 2013
Source: www.iclr.co.uk
“A woman has won a case of harassment against her bank after she was plagued by more than 500 calls for missing a single loan payment.”
Daily Telegraph, 8th July 2013
Source: www.telegraph.co.uk
The Daily Telegraph have recently introduced a limited paywall. Users will be permitted to view 20 Daily Telegraph articles per month for free, after which they will need to pay a subscription fee to access content.
“The Office of Fair Trading (OFT) has referred the payday lending industry to the Competition Commission because of concerns about ‘deep-rooted problems with the way competition works’.”
BBC News, 27th June 2013
Source: www.bbc.co.uk
“The Advertising Standards Authority has banned a payday lender for sending text messages that encouraged people to borrow £1,000 for a night out.”
Daily Telegraph, 19th June 2013
Source: www.telegraph.co.uk
“In Jeffrey Jones v SoS for Energy and Climate Change [2012] EWHC 2936 (QB) the High Court considered the use of credit agreements between a law firm and its clients.”
New Law Journal, 13th May 2013
Source: www.newlawjournal.co.uk
“A TV campaign fronted by former bankrupt Kerry Katona offering payday loans with the strapline ‘fast cash for fast lives’ has been banned for being irresponsible.”
The Guardian, 8th May 2013
Source: www.guardian.co.uk
“The government is facing the threat of a judicial review into its handling of an investigation into Barclays’ involvement in a state-backed loan scheme.”
The Guardian, 10th April 2013
Source: www.guardian.co.uk
“Payday lender MCO Capital has been shut down by the Office of Fair Trading, after it failed to stop fraudsters taking out loans using more than 7,000 stolen identities.”
The Guardian, 19th March 2013
Source: www.guardian.co.uk
“Ministers are to announce a clampdown on adverts for payday loans, but have rejected a cap on the cost of loans despite a report due to be published on Wednesday from the Office of Fair Trading showing widespread malpractice across the controversial industry.”
The Guardian, 6th March 2013
Source: www.guardian.co.uk
Banif Plus Bank Zrt v Csipai and another (Case C-472/11); [2013] WLR (D) 76
“A national court, in order to fulfil its obligation pursuant to articles 6(1) and 7(1) of Council Directive 93/13/EEC, to assess of its own motion whether a contractual term in a consumer contract was unfair and to establish all the consequences arising under national law of such a finding, was not obliged before giving its ruling to wait for a consumer, who had been fully informed of his rights, to submit a statement requesting that that term be declared invalid.”
WLR Daily, 21st February 2013
Source: www.iclr.co.uk
“A creditor was entitled to invoke the equitable doctrine of marshalling to claim the benefit of securities held by a doubly-secured creditor even if the two securities did not both come from a debtor if one of the securities derived from a principal for whom the debtor stood surety.”
WLR Daily, 14th February 2013
Source: www.iclr.co.uk
Santander UK plc v Harrison and another [2013] EWHC 199 (QB); [2013] WLR (D) 67
“The rescheduling of a mortgage agreement did not amount to providing credit ‘in the form of a cash loan’ for the purposes of article 4(1) of the Consumer Credit Act 2006 (Commencement No 4 and Transitional Provisions) Order 2008.”
WLR Daily, 7th February 2013
Source: www.iclr.co.uk
“The fourth data protection principle requires that ‘personal data shall be accurate and, where necessary, kept up to date’. It does not, however ‘impose an absolute and unqualified obligation on [data controllers] to ensure the entire accuracy of the data they maintain. Questions of reasonableness arise in the application of the fourth principle, as paragraph 7 of Part II of Schedule I spells out.’ This statement by Davis LJ (at para. 80) encapsulates the case of Smeaton v Equifax plc [2013] EWCA Civ 108, in which the Court of Appeal handed down judgment today.”
Panopticon, 20th February 2013
Source: www.panopticonblog.com
“A HMRC official has been jailed for siphoning £12,000 from taxpayers’ accounts in a ‘flagrant breach of trust’.”
Daily Telegraph, 19th February 2013
Source: www.telegraph.co.uk
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