competition – Page 15 – Current Awareness

FCA to investigate banks’ high-cost credit including overdrafts – The Guardian

Posted November 3rd, 2016 in banking, competition, fees, financial regulation, loans, news by tracey

‘The City regulator is to launch an investigation into loans that charge high interest rates in a move that will also wade into the controversy over fees on overdrafts. The decision by the Financial Conduct Authority (FCA) to look at overdraft charges comes after the Competitition and Markets Authority stepped back from imposing a limit on these fees after a two-year investigation into high-street banking.’

The Guardian, 3rd November 2016

Source: www.guardian.co.uk

Competition watchdog criticised by MPs over bank reform – The Guardian

Posted November 2nd, 2016 in banking, competition, news, reports, select committees by tracey

‘The competition watchdog has been accused of complacency and missing an opportunity to overhaul high street banking, including capping overdraft charges, despite a two-year long investigation.’

The Guardian, 1st November 2016

Source: www.guardian.co.uk

Competition watchdog to investigate online betting firms – The Guardian

Posted October 21st, 2016 in competition, consumer protection, fines, gambling, news by sally

‘Online betting companies could face fines and be forced to changed their practices after it was announced they are to be investigated by the competition watchdog over whether they are treating customers fairly.’

The Guardian, 21st October 2016

Source: www.guardian.co.uk

Price comparison sites to be probed by watchdog – BBC News

Posted October 3rd, 2016 in competition, consumer protection, internet, news by sally

‘The way price comparison websites work is to be examined by the Competition and Markets Authority (CMA).’

BBC News, 29th September 2016

Source: www.bbc.co.uk

Watchdog to compare the market for price comparison websites – Daily Telegraph

Posted September 29th, 2016 in competition, consumer protection, internet, news by tracey

‘Price comparison websites will be scrutinised by the competition watchdog as it considers how the tools benefit consumers and competition.’

Daily Telegraph, 29th September 2016

Source: www.telegraph.co.uk

Regulatory focus on data access restrictions could impact Uber, retailers, insurers and car manufacturers, says expert – OUT-LAW.com

Posted September 27th, 2016 in competition, data protection, EC law, financial regulation, insurance, news, privacy by sally

‘Retailers, insurers, car manufacturers and the fast-growing software company Uber are among the businesses that should take note of the increased regulatory scrutiny being placed on restrictions of access to data.’

OUT-LAW.com, 26th September 2016

Source: www.out-look.com

Lawyers need to prepare for “customer service revolution” – Legal Futures

Posted September 22nd, 2016 in competition, law firms, legal profession, news, reports by sally

‘A regulatory agenda that is looking to help consumers shop around for legal advice means that many law firms are running out of time to get to grips with customer service, a report being launched at today’s PI Futures conference has warned.’

Legal Futures, 22nd September 2016

Source: www.legalfutures.co.uk

MasterCard sued for £14bn in largest ever British legal claim – The Guardian

Posted September 9th, 2016 in class actions, competition, consumer credit, consumer protection, EC law, fees, news, tribunals by tracey

‘Credit card group MasterCard is being sued for £14bn, the largest legal claim in British history, in a landmark lawsuit over allegations that it overcharged 46m UK consumers.’

The Guardian, 8th September 2016

Source: www.guardian.co.uk

Merger of electronic toy suppliers subject to UK competition investigation – OUT-LAW.com

Posted September 1st, 2016 in competition, mergers, news, reports by sally

‘The proposed merger of two suppliers of electronic gadgets for children will be the subject of an in-depth competition investigation in the UK.’

OUT-LAW.com, 31st August 2016

Source: www.out-law.com

Heaven or Hell? Brexit Legal Issues Analysed Through ‘Hotel California’ Lyrics – Littleton Chambers

Posted August 24th, 2016 in brexit, competition, constitutional law, EC law, immigration, interpretation, news, referendums, state aids, treaties by sally

‘This post sets out some of the legal issues arising after the referendum of 23 June 2016, taking a generous liberty with the interpretation of the lyrics of The Eagles’ song “Hotel California”.’

Littleton Chambers, 12th August 2016

Source: www.littletonchambers.com

Force family lawyers to offer fixed fees, consumer panel suggests – Legal Futures

Posted August 24th, 2016 in competition, dentists, family courts, fees, legal services, news, statistics by sally

‘Family law specialists should be required to work under fixed fees, the Legal Services Consumer Panel has suggested as it ramped up its call for regulatory intervention to improve transparency in the market.’

Legal Futures, 24th August 2016

Source: www.legalfutures.co.uk

Online retailer hit with six-figure fine for participation in online cartel – OUT-LAW.com

Posted August 17th, 2016 in competition, electronic commerce, fines, news by sally

‘An online poster and picture frame seller has been handed a six-figure fine by the UK’s main competition authority over its participation in a cartel.’

OUT-LAW.com, 16th August 2016

Source: www.out-law.com

UK regulator clamps down on undisclosed paid-for social media advertising – OUT-LAW.com

Posted August 15th, 2016 in advertising, competition, internet, news by sally

‘A social media marketing company has committed to improving its online practices after a UK regulator took issue with its paid-for advertising.’

OUT-LAW.com, 12th August 2016

Source: www.out-law.com

Regulator seeks reform of UK payments infrastructure – OUT-LAW.com

Posted August 9th, 2016 in banking, competition, news by sally

‘Plans to reform UK payments infrastructure have been outlined by the industry’s regulator after it found that current competition in the market is lacking and serving as a barrier to innovation.’

OUT-LAW.com, 8th August 2016

Source: www.out-law.com

Watchdog demands banking overhaul to save customers money – The Guardian

Posted August 9th, 2016 in banking, competition, consumer protection, news by sally

‘A package of measures intended to help customers save £92 a year by switching their bank accounts has been unveiled by the competition watchdog after a two-year investigation into the sector.’

The Guardian, 9th August 2016

Source: www.guardian.co.uk

Banking watchdog to announce measures to boost competition – The Guardian

Posted August 8th, 2016 in banking, competition, consumer credit, fees, news, ombudsmen, statistics by sally

‘Overdraft fees and an easier system of moving personal and small business accounts are expected to be at the centre of measures intended to bolster competition in the banking sector.’

The Guardian, 8th August 2016

Source: www.guardian.co.uk

Can several wrongs make a right? Gallaher v CMA in the Court of Appeal – Competition Bulletin from Blackstone Chambers

Posted July 29th, 2016 in competition, news, penalties, price fixing by tracey

‘When a public body makes a mistake in its treatment of one person, can fairness require it to treat other people in the same way – even if that means amplifying the effects of the mistake?’

Competition Bulletin from Blackstone Chambers, 27th July 2016

Source: www.competitionbulletin.com

Universities getting better on consumer law issues, but work still to be done, says CMA – OUT-LAW.com

Posted July 27th, 2016 in codes of practice, competition, consumer protection, news, ombudsmen, universities by sally

‘Awareness among universities of their responsibilities under consumer protection law is increasing, although some poor practices remain, the UK’s competition watchdog has found.’

OUT-LAW.com, 26th July 2016

Source: www.out-law.com

Making lawyers publish “average” prices will energise consumers, says panel – Legal Futures

Posted July 25th, 2016 in barristers, competition, complaints, consumer protection, costs, disclosure, legal profession, legal services, news, solicitors, statistics by sally

‘The Legal Services Consumer Panel said last week that it was “not blind to the challenges of increased price transparency”, but insisted that making lawyers publish “average” prices could be the catalyst for making consumers ask more questions about cost.’

Legal Futures, 25th July 2016

Source: www.legalfutures.co.uk

Keep price comparison sites as they are, say MPs – BBC News

Posted July 22nd, 2016 in competition, consumer protection, internet, news by sally

‘MPs on the Energy Committee have written to the new business secretary to demand no change to the current rules on price comparison websites.’

BBC News, 21st July 2016

Source: www.bbc.co.uk

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