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Amendments to the Consumer Credit Regulations, S.L. 378.12 (the 'Consumer Credit Regulations') and to the Credit Agreements for Consumers Relating to Residential Immovable Property, S.L. 378.10 (the 'Residential Property Credit [...]

A new amendment bill to regulate 'buy now pay later' credits has recently been introduced in Parliament. The bill is expected to enter into force on 1 July 2023. On [...]

From 1 July 2023, the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022 (the 'LCFL') came into full effect, replacing and expanding upon the previous now repealed regime under [...]

The Federal Government has announced that it will move to regulate Buy Now Pay Later (BNPL) providers under the National Credit Act1. The Hon Stephen Jones MP, Minister for Financial [...]

The Nigerian financial services industry has experienced significant growth in the last couple of years, due largely to the entry of an increased number of Fintech companies into the market. [...]

Changes to Small Amount Credit Contracts (SACCs) and Consumer Leases will take effect on 12 June 2023. Summary of the changes to SACCs and Consumer Leases The Financial Sector Reform [...]

Dear Director, RE: Token Mapping Consultation Paper Thank you for the opportunity to provide feedback on Treasury's Token Mapping Consultation Paper (the Consultation Paper). As set out in our response [...]

The Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022 (LCF Law) will come into full effect on 1 July 2023. Certain sections of the LCF Law have been in [...]

On February 9, the FTC provided the CFPB with its annual summary of activities enforcing the Equal Credit Opportunity Act (ECOA). The release of this summary provides a great opportunity [...]

Part II (Regulation of Credit) of the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022 (the 'LCF Law') creates a new statutory framework for the protection of retail customers [...]

Introduction The Guernsey Financial Services Commission (the 'GFSC') has issued The Lending, Credit and Finance Rules and Guidance, 2023 (the 'Rules') which govern businesses that will be regulated under the [...]

1 Legal and enforcement framework 1.1 In broad terms, which legislative and regulatory provisions govern the fintech space in your jurisdiction? The regulatory regime governing the fintech space broadly applies [...]

The Dear CEO Letter dated 17 November 2022 (Letter) published by the Central Bank provides further guidance to firms on its expectations in a challenging economic landscape. The Letter follows [...]

This update provides an overview of Guernsey regulatory and legislative developments for the third quarter of 2022. ESG The Guernsey Financial Services Commission (GFSC) ran its Sustainable Finance Week in [...]

Introduction In recent years, the consumer credit landscape has seen a rise in 'Buy Now Pay Later' ('BNPL') transactions, notably popular with retail customers for purchases at physical stores and [...]

WASHINGTON -- The following information was released by the American Financial Services Association (AFSA): The consumer credit industry is committed to equality and addressing discrimination in the allocation of credit [...]

NEW YORK, Oct. 3, 2022 /PRNewswire/ -- Stroock welcomed https://c212.net/c/link/?t=0&l=en&o=3665752-1&h=815410318&u=https%3A%2F%2Fwww.stroock.com%2Fpeople%2Faowens&a=Andrew+Owens to its New York office as a partner in its Financial Services Litigation, Regulation and Enforcement (FSLRE) group. 'Andy represents [...]

The Consumer Financial Protection Bureau ('CFPB') recently sent shockwaves through the consumer financial services industry by announcing a public enforcement action against an auto finance company totaling $19.2 million in [...]

Welcome to Wiley's update on recent developments and what's next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this newsletter, we analyze [...]

How does consumer credit work in Vietnam? What rules apply? We navigate this linchpin of Vietnam's modern economy. Q&A: 1) What is the consumer credit business? At its basic level [...]

Introduction The States of Guernsey has approved the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022 (the 'LCFL') which will regulate various virtual asset service providers ('VASPs') and financial [...]

The rapid growth of online shopping as a result of the COVID-19 pandemic has led to an increased demand for different payment options for consumers at the checkout. One such [...]

As anticipated, the new Commonwealth Government has indicated there will be regulation of the Buy Now Pay Later ('BNPL') industry. In an announcement made last week, the new financial services [...]

On 6 May 2022 the Financial Conduct Authority (FCA) issued a letter to almost 28,000 firms providing credit broking services or high cost lending products. Noting the fact millions are [...]

Washington, D.C: Blank Rome LLP is pleased to announce that R. Andrew Andy Arculin has joined the firm's Washington, D.C., office as a partner in the Financial Institutions Litigation and [...]

The parliamentarian introduced a bill on amendments to the law On consumer credit. Deputy Chairman of the Federation Council Nikolai Zhuravlev introduced a draft law On Amendments to the Federal [...]

Many finance companies, debt buyers, debt collectors, and collection law firms wrestle with the question of which statute of limitations to apply when collecting a deficiency balance on a retail [...]

Fostering effective credit administration in Nigeria to encourage proper credit management development was one of the reasons for the establishment of the General Assembly of Banks' Chief Executives (GABCE) in [...]

The Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 20211 (the 'Bill') was published on 23 June 2021. Its enactment is expected later this year. Newly Licensed [...]

(PRWeb) - Domuso, a leading payment platform and financial services provider for multifamily operators, today announced it has partnered with Fraud Protection Network, Inc. (FPN), to offer Resident-Link, a unique [...]

The cooling period will be 14 calendar days and will apply to any additional services (legal support, consultations, telemedicine, etc.), if the borrower was forced to purchase them together with [...]

BEIJING, June 3, 2021 (Xinhua via COMTEX) -- China on Thursday approved the opening of a consumer finance company of Ant Group, a major financial services technology provider in the [...]

WASHINGTON -- The following information was released by the American Financial Services Association (AFSA): by Dan Bucherer AFSA is pleased to announce L . Jean Noonan, former head of the [...]

The Financial Regulatory Authority in Egypt ('FRA') is taking a positive step towards developing the non-banking financial services sector that can be clearly seen by issuing the new Consumer Finance [...]

On January 5, 2021, the Consumer Financial Protection Bureau (CFPB or Bureau) Taskforce on Federal Consumer Financial Law (Task Force) released a report (Report) recommending changes designed to contemporize and [...]

On January 5, 2021, the Consumer Financial Protection Bureau (CFPB or Bureau) Taskforce on Federal Consumer Financial Law (Task Force) released a report (Report) recommending changes designed to contemporize and [...]

Competition policy: Overview A new competition agency, the Competition and Markets Authority (CMA), became fully operational in 2014. It took on many of the functions of the Competition Commission and [...]

The Ministry of Justice and Emergency Management has submitted proposals for a new and modernized financial agreement law. The bill introduces new measures to prevent people from having debt problems, [...]

WASHINGTON -- The following information was released by the office of New Jersey Rep. Josh Gottheimer: Today, Thursday, December 12, 2019, U.S. Congressman Josh Gottheimer (NJ-5) announced that his bipartisan [...]