Changes ahead for regulation of consumer credit and other CCUA news

On the 1 April 2014 responsibility for regulating consumer credit transfers from the Office of Fair Trading to the Financial Conduct Authority. The new regime will be designed to focus on higher risk firms. Lower risk firms will not have to meet such onerous standards and will pay lower fees. The FCA will also have different enforcement powers to the OFT. Further information can be found at http://www.fca.org.uk.

On 6 April 2014 the Taking Control of Goods Regulations 2013 will come into force. A few of the main changes will be:

• “Tools of the Trade” will be limited to a value of £1,350
• Officers will be required to give 7 clear days notice before a visit
• Officers will not longer be allowed to enter a residential premises via open window or skylight
• Hours of entry to a residential premise will be limited to 6am-9pm

Volunteers (still) needed

Becoming involved with the CCUA is a great way to take positive action to gain improvements in the court service. Probably the easiest way to assist the Association would be to respond to any surveys emailed to us asking for our views on the service we are receiving from the courts. Monitoring the results ensures the Associate can provide valuable feedback and highlight the problem areas to those concerned.

As this will be my last blog (well, at least for some time to come…) we also need new bloggers to step forward to provide regular updates which help the CCUA provide social media content. This doesn’t take up too much time and really is a worthwhile effort.

Regional meetings….

South West Region – next meeting will take place on 29 April 2014 at the offices of Burgess Salmon in Bristol and will include a presentation on insolvency matters by Olivier Kalfon from Enterprise Chambers.

Northern Region – next meeting will take place on 5 June 2014 at Harrison High Court Enforcement and C.W.Harrison & Son Auctioneers, Ossett nr Wakefield.

Greater London/South East Region – next meeting will take place on 12 June 2014 at BDO offices in Baker Street, London.

Central Region – next meeting will take place on 24 June 2014 at KPMG, Snows Hill, Birmingham.

Diary dates for 2014

The Annual Conference 2014 will take place on 21 October 2014 and will be held at the Leicester Marriott Hotel. The AGM will take place the following day. Senior Master Whitaker will be speaking and as before it is hoped Paul Lewis will host a Question Time Panel for some lively debate!

Author: Christine Power FCILEx – specialising in Debt Recovery at Lightfoots LLP

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