Look beyond MiFID warns law firm - part 2

In addition to its application to the Unfair Competition and Practices Directive to the UCPD, Tym says the concept of ‘fairness’ will be pushed by the Consumer Credit Act 2006, which itself updates law which has now been in place for some 30 years and should come into effect by April next year. Section 19 of the Act means a court can rule relationships between creditor and debtors unfair because of agreement terms, the way the creditor may have attempted to enforce his rights, or “any other thing done (or not done) by or on behalf of the creditor (either before or after the making of the ...