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UK FCA finalises changes to create stronger framework to support borrowers in financial difficulty

The FCA has published its final rules and guidance aimed at strengthening protections for borrowers in financial difficulty, incorporating aspects of the Tailored Support Guidance (TSG)...

News

UK Consumer Duty: FCA gives more implementation feedback and some focus areas for closed books work

On 20 February 2024, the FCA published details of recent good practice in Consumer Duty implementation and highlighted areas for improvement. As well as this, the FCA also published the...

News

UK: FCA Business Plan 2024/25: a quick guide to the FCA’s key priorities

On 19 March 2024, the FCA published its Business Plan for 2024/25 setting out its planned programme of work for the coming year. The FCA states that it remains resolute in supporting the...

News

Central Bank of Ireland consults on a modernised Consumer Protection Code

The Central Bank of Ireland (CBI) is consulting on changes to the Consumer Protection Code 2012 (Code). The proposals look to support effective consumer protection and reflect the changes...

News

The Biden Administration and State Attorneys General continue to take aim at eliminating “junk fees”

In his recent State of the Union address, President Biden echoed his administration's commitment to tackling "junk and hidden fees," defined as charges to consumers providing...

Insights and Analysis

“Transparency as a regulatory tool”: The UK FCA’s proposed new enforcement approach

On 27 February 2024, the UK Financial Conduct Authority (FCA) published consultation "CP24/2: Our Enforcement Guide and publicising enforcement investigations – a new...

News

Automated decisions by financial institutions under the GDPR and the AI Act

What do the General Data Protection Regulation (GDPR), and the soon to be enacted Artificial Intelligence Act (AI Act) mean for automated decisions taken by financial institutions? Th...

News

PSD3: European Parliament’s ECON Committee adopts draft reports on PSR and PSD3

On 14 February 2024, the European Parliament announced that its Economic and Monetary Affairs Committee (ECON) had adopted draft reports on the European Commission's legislative...

Insights and Analysis

Webinar: Data protection in the Middle East and Africa feat. Nigerian Data Protection Commissioner

The "new normal" of global data protection regulation is becoming increasingly complex. With 37 African countries having a comprehensive data protection legal framework and the...

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