All Consumer issues, debt and bankruptcy articles – Page 4
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NewsUnsecured creditors ‘unlikely’ to recover £658k from firm
Staff not expected to be paid redundancy money from London litigation firm in administration.
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News£85 parking fine bound for Supreme Court
CoA rules that ParkingEye penalty neither 'extravagant nor unconscionable'.
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FeatureConsumer Rights Bill – all change?
With the bill likely to receive royal assent soon, what impact will the broad changes have on consumers and law firms?
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NewsWonga escapes criminal action over letters scandal
The company was ordered to pay £2.6m in compensation last summer to around 45,000 customers.
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NewsConsumer credit upheaval postponed again
City watchdogs agree to delay regulatory changes as SRA seeks ‘best possible solution’.
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NewsGovernment raises threshold for bankruptcy petitions
Solicitor groups and insolvency practitioners had both called for an increase in the limit, which has not been changed since 1986.
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NewsCity lawyers urge SRA to retain consumer credit brief
CLLS warns of extra costs and risk of criminal liability if regulation passes to the Financial Conduct Authority.
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News‘Extra burdens’ of consumer credit switch laid bare
Advisers commissioned by Chancery Lane warn of massive and costly disruption for thousands of firms.
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NewsCAT reform may create a ‘US-style lawyers’ charter’
Peers have warned that plans to extend the jurisdiction of the Competition Appeal Tribunal risk creating a ‘US-style lawyers’ charter’.
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NewsConsumer credit switch will cost law firms dear - Society
President Andrew Caplen warns of ‘significant problems’ if SRA ceases regulating consumer credit work.
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NewsTreasury presses on with direct tax recovery
Government insists ‘robust new safeguards’ will address concerns raised in consultation.
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NewsThousands still await Wonga ‘fake firm’ compensation
Around 5,000 of those contacted have replied so far, with 99% of them accepting payday lender’s compensation offer.
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NewsThousands wait as airlines refuse delay compensation
The Gazette understands the majority of airlines have deferred any payments until the Supreme Court's decision in Huzar v Jet2.
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NewsMore banks admit creating ‘law firms’ to send debt letters
MP says HSBC and RBS letters were ‘designed to pull the wool over consumers’ eyes’.
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News
Creditor complaints prompt debt protocol inquiry
Civil Procedure Rule Committee begins consultation on new protocol for debt claims.
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OpinionMPs’ anger at fake firms scandal
Vulnerable people are being exploited by companies who do know better.
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NewsMPs grill Lloyds executive over ‘law firm’ debt letters
Treasury select committee writes to four major banks demanding answers on letters to indebted customers.
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NewsSRA warns in-house lawyers not to mislead third parties
Regulator has received ‘a number of complaints' about debt recovery letters.
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NewsMinister: I didn’t know about student loan letters
David Willetts said the use of a debt-recovery letters practice had not been brought to his attention before media reports last week.
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NewsStudent Loans Company suspends misleading recovery letters
Letters included the phrase ‘we are instructed by our client’.