December 2020 | Brexit: Consumer Credit – Say Goodbye to the SECCI

Lenders will need to be ready to carry out the changes to their Standard European Consumer Credit Information sheet (‘SECCI’) – otherwise known as the Pre-Contract Credit Information sheet (‘PCCI’), due to the successful lobbying of various organisations in the industry, this has now been extended to 30 May 2021.

December 2020 | Breathing Space & Mental Health Moratorium

The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020 (‘the Regulations’) were published on 15 July 2020. If approved these Regulations will come into force on 4 May 2021. In this issue we look at some of the key developments.

November 2020 | Changes to Default Notices

Consumer Credit (Enforcement, Default and Termination Notices) (Coronavirus) (Amendment) Regulations 2020 – SI 2020/1248 (‘the Amending Regulations’)

The Amending Regulations were published on 11 November 2020 and are due to come into force on 2 December 2020 following the Government consulting with Lenders and Debt Advice Bodies, Debt Advice and Mental Health Charities and Organisations, and also the Financial Conduct Authority (FCA).

Jo talks about new online platform regulations.

Jo talks about the FCA proposing changes to the certification regime.

Understanding the 12 week rule.