A recent High Court decision in claims brought by thousands of claimants against motor finance providers has reaffirmed the validity of using omnibus claim forms in large-scale consumer litigation. The ruling has implications both for the many motor-finance mis-selling claims
UK Finance Disputes and Regulatory Investigations Blog
Financial Markets Awareness: Practical Legal Insight
The UK Finance Disputes and Regulatory Investigations Blog, published by Squire Patton Boggs, focuses on legal developments and practical issues in financial disputes and regulatory investigations within the UK. It covers topics such as digital asset property rights, financial crime risk assessments, consumer finance litigation, and cross-border enforcement of judgments. The blog analyzes legislative changes, regulatory reviews, and significant court decisions affecting financial services firms, investors, and consumers. It also addresses compliance challenges, enforcement strategies, and the evolving regulatory landscape impacting finance, capital markets, and fintech sectors.
Latest from UK Finance Disputes and Regulatory Investigations Blog - Page 2
Motor finance claims – the current state of play
By Chris Webber
The prospects of claims against motor finance lenders continues to develop rapidly as courts, the Financial Ombudsman Service, and the FCA continue to grapple with the issues raised by the large volume of cases being initiated. Here’s the current state…
FCA marks principal firms’ homework on appointed representatives – must try harder
By Chris Webber
The FCA says principal firms need to do more to comply with enhanced appointed representative rules…
APP fraud – might banks have a “retrieval duty” ?
FCA’s Consumer Duty good practice and areas for improvement update – Constructive Criticism or Hard Discipline?
When considering the FCA’s enforcement of Consumer Duty, it could be likened to a school teacher attempting to discipline a class. The FCA so far is attempting to retain the authority akin to a headmaster with an iron fist, rather…
Anatomy of a fraud series – Powers afforded by search and imaging orders
Search orders
Search orders are a form of interim, mandatory injunction which require a respondent to allow the applicant’s representatives to enter the respondent’s premises and search for, copy and remove documents or material for the purpose of preserving evidence…
The Rise of the Pig Butcher
By Ian Debbage
The “pig butchering” scam is not new but has enjoyed a rapid rise in recent years. So much so, that virtually everyone reading this blog will have been an intended mark at some point, probably without knowing it. Indeed, if…
WHO PAYS THE PRICE OF AUTHORISED PUSH PAYMENT FRAUD?
Following on from our recent Blog post about UK Finance’s half-yearly fraud update, in an article published today with the International Banker we look at the increasingly common authorised push payment (APP) fraud and consider what can be done…
Too soon to move on? Supreme Court changes limitation in secret commission cases
By Chris Webber
The Supreme Court has today provided important clarification on when “deliberate concealment” or “deliberate commission of a breach of duty” by a defendant will extend the limitation period for bringing claims.
The decision is bad news for financial services firms…
UK Finance – Fraud Update
By Ian Debbage
UK Finance has recently published its half yearly fraud update for the first half of 2023, its findings are based on data reported to it by its members, which include financial providers, credit, debit and charge card issuers and card…