Compliance Insights Articles

With the introduction of GDPR and next year’s roll-out of the Senior Managers and Certification Regime impacting upon the consumer credit sector this year, 2018 has brought a number of regulatory challenges and changes to current practice. With the Christmas break just around the corner, this month provides a good juncture to get back to basics, and ensure current and new staff training is up to date. This week, we’ll be recapping the specialist sourcebook for consumer credit

Following the Brady Review, commissioned in 2015 to examine the nature of issues in the claims management market, the government has announced that the Financial Conduct Authority will take over regulation of claims management companies. The review highlighted a number of potential harms to customers, which the FCA’s proposals aim to mitigate, including poor or inappropriate service, possible financial loss due to a lack of clarity around fees and services offered, and that c

2018 promises to be a bumper year for compliance. I can hear what you are thinking, you’ll be muttering, “Isn’t it always?” Seriously, this year promises to be more important than any since 2014 when the FCA took over regulation of consumer credit. We’ll start the year with elements of MiFid coming into force along with the Payment Services Directive. At the same time we’ll be feverishly working on becoming GDPR compliant in order to meet the May implementation date and to av