Two recent court decisions could have wide significance for mass consumer financial mis-selling litigation in the UK: Taken together these decisions could point towards a more benign climate for s.140A and wider financial mis-selling claims as barriers to would-be claimants and the claims management firms (“CMCs”) and law firms that represent them are removed. Angel: … Continue Reading
The High Court’s judgment in R (Claims Protection Agency Limited) v Financial Conduct Authority is a milestone for regulatory publicity. In a case closely watched by the financial services community, the court upheld the FCA’s decision to publicly identify a regulated firm as the subject of an enforcement investigation under its new “exceptional circumstances” publicity … Continue Reading
Timely insights into the design of mass consumer redress schemes In R (All-Party Parliamentary Group on Fair Banking) v Financial Conduct Authority [2025] EWHC 525 (Admin), the High Court examined the FCA’s decision regarding the exclusion of certain customers from the scope of the voluntary Interest Rate Hedging Products (IRHP) redress scheme established in 2012, … Continue Reading
The prospects of claims against motor finance lenders continues to develop rapidly as courts, the Financial Ombudsman Service, and the FCA continue to grapple with the issues raised by the large volume of cases being initiated. Here’s the current state of play at a glance:… Continue Reading
