“The Office of Fair Trading will be able to clamp down on rogue companies by suspending or revoking their consumer credit licences with immediate effect under new legislation announced by the government.”
The Guardian, 19th July 2012
Source: www.guardian.co.uk
“A consumer lending firm has been fined £150,000 by the Information Commissioner’s Office (ICO) after it lost personal data belonging to more than half a million customers.”
OUT-LAW.com, 5th July 2012
Source: www.out-law.com
“The Office of Fair Trading is revoking the consumer credit licence of one of the UK’s largest unsecured credit brokers for ‘deceitful and oppressive business practices’. If successful, it will put payday loans broker Yes Loans out of business – but the firm has 28 days to appeal and can continue arranging new loans in that time due to limitations in consumer credit regulations.”
The Guardian, 8th March 2012
Source: www.guardian.co.uk
“Payday lenders should be forced to limit the rolling over of loans, stop allowing customers to switch from one lender to another, and to share information about their customers with other lenders, the business, innovation and skills committee has recommended.”
The Guardian, 7th March 2012
Source: www.guardian.co.uk
“Payday loan companies will come under fresh scrutiny after the Office of Fair Trading (OFT) launched a review of the sector amid concerns some lenders are taking advantage of people in financial difficulty.”
The Guardian, 24th February 2012
Source: www.guardian.co.uk
“The Office of Fair Trading (OFT) is taking steps to close down a company which claims to process thousands of loan applications a week.”
BBC News, 29th October 2011
Source: www.bbc.co.uk
“Businesses that fall short of set standards for ensuring the security of credit card data could be fined, the UK’s data protection watchdog said.”
OUT-LAW.com, 11th August 2011
Source: www.out-law.com
“Budget airlines, theatres and football clubs risk legal action if they continue to levy inflated charges for paying by credit and debit cards, the Office of Fair Trading (OFT) warned yesterday.”
The Independent, 29th June 2011
Source: www.independent.co.uk
“A super-complaint is to be launched about the ‘murky practice’ of surcharges levied on customers who pay by debit or credit card.”
BBC News, 11th February 2011
Source: www.bbc.co.uk
HSBC Bank Plc v Brophy [2011] EWCA Civ 67; [2011] WLR (D) 33
“A clause in a credit card agreement which provided for the bank to determine the credit limit from time to time at its discretion by notifying the debtor of its amount was valid.”
WLR Daily, 3rd February 2011
Source: www.lawreports.co.uk
Please note once a case has been reported in one of the ICLR series the corresponding WLR Daily summary is removed.
“Discount retailer Poundworld has been fined £5,000 for selling dangerously faulty digital thermometers and other medical items, it was announced today.”
The Independent, 18th November 2010
Source: www.independent.co.uk
“A credit broker administration fee and the interest payable on it were properly included in the charge for credit within the meaning of the Credit Consumer Act 1974 and the Consumer Credit (Total Charge for Credit) Regulations 1980, and accordingly, since those items did not form part of the amount of credit as set out in a loan agreement made between parties in 2005, that amount was correctly stated and the agreement was enforceable.”
WLR Daily, 8th July 2010
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
“A consultation on whether homeowners who have failed to repay consumer credit debts should have accrued a minimum level of debt before a court can order the sale of their home has been released today.”
Ministry of Justice, 5th February 2010
Source: www.justice.gov.uk
“The Government will today set out details of its plan to ban lenders from sending out unsolicited credit card cheques to consumers. The Government will today set out details of its plan to ban lenders from sending out unsolicited credit card cheques to consumers.”
The Independent, 2nd July 2009
Source: www.independent.co.uk
TRM Copy Centres Ltd v Lanwall Services Ltd
House of Lords
“The essence of hire was that the hirer acquired the use and possession of goods from the provider in return for a rent, whether payable in cash or kind.”
The Times, 24th June 2009
Source: www.timesonline.co.uk
TRM Copy Centres (UK) Ltd and others v Lanwall Services Ltd [2009] UKHL35; [2009] WLR (D) 190
“An agreement between the provider of photocopiers and the retailer in whose premises the photocopiers were located was not a consumer hire agreement within the meaning of s 15 of the Consumer Credit Act 1974 if there was no obligation on the part of the retailer to make any payment in cash or kind for the hire of the photocopiers.”
Source: www.lawreport.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
“The regulation of credit and debit cards and other payment services will be tightened in the UK from November. New rules were laid before Parliament yesterday that aim to deliver greater competition in the market for payment services.”
OUT-LAW.com, 10th February 2009
Source: www.out-law.com
“Credit card companies will no longer be able to raise interest rates overnight, and will only be able to implement an increase twice a year, under a new government agreement.”
The Guardian, 12th December 2008
Source: www.guardian.co.uk
TRM Copy Centres (UK) Ltd and ors v Lanwall Services Ltd [2008] EWCA Civ 382; [2008] WLR (D) 113
“The practice of placing machines on premises mainly for the use of persons other than the owner of the premises, who was paid a commission on its use, would not generally be a form of bailment by way of hire; it was necessary to look at the essential nature and commercial purpose of the agreement.”
WLR Daily, 17th April 2008
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
“A newly created tribunal, set up to ensure credit businesses have a more independent route of appeal against decisions by the Office of Fair Trading (OFT), starts work today, administered by the Tribunals Service.”
Press release (PDF)
Tribunals Service, 7th April 2008
Source: www.tribunals.gov.uk
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