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Skadden Arps Slate Meagher & Flom LLP | USA | 28 Sep 2022
House Bill To Revise Community Reinvestment Act Would Put New Focus on Fair Lending
Legislation introduced on September 15, 2022 by Maxine Waters (D-Cal.), chair of the House Committee on Financial Services, would significantly revise…
Jones Day | USA | 27 Sep 2022
Digital Assets Defined: Consumer Protection and Cybersecurity Enter the Stage
In this latest White Paper on our Bill analysis, we underscore headline proposals in the Lummis-Gillibrand Responsible Financial Innovation Act (the…
Osborne Clarke | United Kingdom | 22 Sep 2022
Consumer finance firms: who is in scope of the new Consumer Duty?
The next milestone for implementing the UK Financial Conduct Authority's (FCA) Principle 12 is fast approaching on 31 October. Consumer finance firms…
McCann FitzGerald LLP | Ireland | 1 Sep 2022
Moneylending: Amending Act will restrict interest and term of loan agreements and modernise the sector
The recently enacted Consumer Credit (Amendment) Act 2022 (the “Act” - here) will set a ceiling on interest rates charged by “high cost credit…
Hogan Lovells | United Kingdom | 8 Aug 2022
As economic headwinds increase, lenders need to focus more on ensuring good customer outcomes
The FCA has highlighted its concerns that lenders may not be ensuring fair outcomes for borrowers who find themselves in financial difficulty. With…
Lane Neave | New Zealand | 28 Jul 2022
Government relaxes 2021 CCCFA Changes
The Government has recently made some practical (and much welcomed) amendments to the responsible lending rules to address some unintended…
Hogan Lovells | United Kingdom | 7 Jul 2022
Borrowers in financial difficulty: FCA research report highlights areas of improvement for lenders
In the context of its ongoing Borrowers in Financial Difficulty project, the FCA has published a research report that suggests there’s scope for more…
Hogan Lovells | United Kingdom | 28 Jun 2022
FCA supervisory strategy for mainstream consumer credit lenders: Preparing for difficult times ahead
The FCA has published a portfolio letter on its supervisory strategy that it has sent to Mainstream Consumer Credit Lenders (MCCLs). This follows on…
Gowling WLG | Canada | 12 Apr 2022
Country Comparative Guide 2022: Lending & Secured Finance Law in Canada
Originally part of an 18 jurisdiction Country Comparative Guide by The Legal 500, this Q&A chapter on Lending & Secured Financing in Canada has been…
Skadden Arps Slate Meagher & Flom LLP | USA | 19 Jan 2022
Unhappy Lenders Challenge Aggressive Debt Exchanges
Most syndicated term loan B credit facilities allow the borrower or its affiliates to purchase loans from lenders on a non-pro rata basis if those…
