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Lender services legal updates


BIS bows to industry pressure on CCD implementation timetable
The Department of Business, Innovation and Skills (BIS) has announced a transitional period beyond June 2010 - by which time the Consumer Credit Directive (CCD) has to be implemented - during which lenders can move from the old to the new regimes.
Date: 2010-02-12

Lenders will welcome judge's ruling
On 23 December 2009 His Honour Judge Waksman sitting in the High Court in Manchester handed down his key judgment in the Carey v HSBC test case.
Date: 2010-02-12

OFT releases new information sheets
The Office of Fair Trading (OFT) has released another new arrears and default information sheet.
Date: 2010-02-08

Mortgage market review
Last October the FSA published its mortgage market review discussion paper setting out its case for regulatory reform of the mortgage market.
Date: 2010-02-02

Shoosmiths is Leasing Life top law firm
Shoosmiths has been voted top law firm at a leading asset finance journal’s annual awards.
Date: 2009-12-17

Bank charges judgment: The end of the matter?
It has been a good couple of months for the UK's embattled banks. Last month, Barclays and others were successful in their appeal against the Competition Commission's ban on the sale of payment protection insurance at the point of sale of credit.
Date: 2009-11-27

Court of Appeal decision is 'encouraging' for lenders
The long-awaited decision of the Court of Appeal in Southern Pacific Mortgage Limited v Jayne Elizabeth Heath has for the first time provided Court of Appeal authority on correct interpretation of Section 18 of the Consumer Credit Act 1974.
Date: 2009-11-12

Mortgage arrears charges: A question of fairness
The mortgage industry has been criticised for charging customers who fall into arrears, with the House of Commons Treasury Select Committee (TSC) leading the outcry.
Date: 2009-09-01

Banking Conduct of Business Overview
The conduct of retail banking business in the UK is regulated largely by the Banking Code and the Business Banking Code, with the Financial Services Authority (FSA) only imposing limited conduct of business requirements on deposit taking business.
Date: 2009-09-01

Shoosmiths wins inaugural litigation team award
Shoosmiths has been named Litigation Team of the Year at the prestigious Credit Today Awards 2009 - at the first time of asking.
Date: 2009-06-23

Receivables recruit reunited
Shoosmiths' Manchester office continues to grow, with the recruitment of another finance litigation specialist.
Date: 2009-05-06

Backbone in place as Manchester growth continues
Shoosmiths is to make three significant new appointments at its recently-opened Manchester office.
Date: 2009-03-19

The OFT release new Information Sheets
Given the current economic climate, it has been a busy year for all lenders, but coupled with the biggest overhaul of Consumer Credit Law since 1974, with the introduction of Consumer Credit Act 2006, the changes for this year are not over yet.
Date: 2008-12-10

Financial services leader is new Shoosmiths client
Shoosmiths is to handle key areas of legal work for LV=, the financial services provider formerly known as Liverpool Victoria.
Date: 2008-11-18

Shoosmiths Manchester expansion gathers momentum
Within weeks of announcing plans to open in Manchester, Shoosmiths has made two further appointments, taking the team launching the new office in January next year to nine.
Date: 2008-11-07

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Waine Mannix

Partner
T: 03700 86 3313
I: +44 (0)1604 54 3313
E: waine.mannix@shoosmiths.co.uk