Credit Protection news and trends

HSBC Settles Corporate Loan Misselling Dispute
B2B Payments // June 12, 2019

The U.K. financial institution HSBC has reportedly reached a settlement with a group of companies that claim the bank misled them about the need for product add-ons to their loans. Reports in Law360 this week said a group of commercial inspection and safety firms reached...

Quick Reads
UK Government Aims to Provide More Protections to BNPL Users

October 17, 2024
The U.K. government said Thursday (Oct. 17) that it aims to provide buy now, pay later (BNPL) users with many of the protections provided by other consumer credit products. It has launched a consultation on proposals to bring BNPL companies under the supervision of the Financial Conduct Authority (FCA) and apply the Consumer Credit Act, […]