Recent regulatory developments of interest to financial institutions with focus on consumer finance. See also our Related Materials links for updates with broader application.
The European Commission has published an updated webpage providing information on its findings during a mini-sweep of consumer credit websites in 2021. A "sweep" is a set of checks carried out on websites simultaneously to identify breaches of EU consumer law in a particular sector. The primary objective of the consumer credit mini-sweep was to check on:
Once a sweep has been carried out by the Commission and national enforcement authorities simultaneously, the national authorities are expected to ask relevant traders to take corrective actions.
Authored by Yvonne Clapham
Download the full bulletin of regulatory news for financial institutions 26 April 2021
Financial institutions general regulatory news, 26 April 2021
Banking and finance regulatory news, 26 April 2021
Funds and asset management regulatory news, 26 April 2021
Insurance regulatory news, 26 April 2021
Securities and markets regulatory news, 26 April 2021
Payments regulatory news, 26 April 2021
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