Russell Kelsall

Consumer, Asset & Motor Finance Solicitor. Author of Consumer Credit. Editor of Goode: Consumer Credit & Butterworths Financial Regulation Service.

[Russell Kelsall @RussellKelsall]

On 31 October 2023, the #FCA published a press release setting out the contract changes they’ve secured for #BNPL customers.

The changes are:
(a) #CPA; and
(b) what happens when a customer cancels their purchase contract.

For more: https://t.co/zRzkCnayON

[Russell Kelsall @RussellKelsall]

On 30 October 2023, the new EU Consumer Credit Directive was published. It'll come into force for EU member states on 20 November 2026. But will the UK implement any of it? For more, please see: https://t.co/C0nENZqZ1G #consumercredit #directive #EU #consumercreditdirective

[Russell Kelsall @RussellKelsall]

On 18 September 2023, the Land Registry published an updated Practice Guide 31 on the discharge of charges. For more on the changes, and a link, please see: https://t.co/vi50Zkpf6Y #mortgages #LandRegistry #charges #guide

[Russell Kelsall @RussellKelsall]

The #FCA has published a blog on the work it is doing to improve its application process and the forms it requires. For more, please see: https://t.co/CuK4BcHFat #authorisation #forms

[Russell Kelsall @RussellKelsall]

@Matt_Pinner Ordered!

[Russell Kelsall @RussellKelsall]

#ICO and #FCA publishes joint letter. Essentially data protection does not stop firms communicating with savings customers and telling them of better rates. For more (including links), please see: https://t.co/lv0aV0a2ll
#dataprotection #savings #jointletter

[Russell Kelsall @RussellKelsall]

On 17 July 2023, the #FCA published draft guidance dealing with financial promotions on social media. This has been a hot topic for a number of years and the last guidance was published in March 2015. For more, including links, please see: https://t.co/PUMYftsxlc

[Russell Kelsall @RussellKelsall]

Earlier today, HM Treasury published its response to the consultation on reforming the Consumer Credit Act 1974. There’s no clear indication of the Gvt’s position, or a timeline for reform. For the response, please see: https://t.co/nsKb8VzyKw #consumercredit #reform #CCA

[Russell Kelsall @RussellKelsall]

On 29 June, the Financial Services and Markets Act 2023 received Royal Assent. When it comes into force, s.1(1) revokes the legislation listed in Schedule 1 (inc many #consumercredit rules).

Want to know more? See: https://t.co/lE7lfffx3B

#consumercredit #legislation #FSMA

[Russell Kelsall @RussellKelsall]

#FCA’s board minutes record board’s discussion on PS23/5: Debt Packagers: Feedback to CP23/5 and final rules. Some interesting views on the impact. For more, including links, please see: https://t.co/10xWMsIt8o #CONC #DebtManagement #consumerfinance

[Russell Kelsall @RussellKelsall]

First charge mortgage lenders have been busy. The 'optional' Mortgage Charter was quickly followed by PS23/8 making changes to MCOB. We've put our heads together to create a one page summary. For more, please visit: https://t.co/pwAI68TQAj.
#mortgage #MCOB #mortgagecharter

[Russell Kelsall @RussellKelsall]

Less than a month before the new consumer duty comes into force, #FCA publishes a list of 10 key questions for firms to consider. Not a checklist but it does give an insight into priorities. For a link, please see: https://t.co/hKpHGXsdWj
#consumerduty #retaillending #consumer

[Russell Kelsall @RussellKelsall]

The #FCA publishes Handbook Notice 110 setting out changes to both CONC (on debt management) and MCOB (on implementing the Mortgage Charter). For more, including links, please see: https://t.co/cuJgA1ArXZ

#FCA #mortgages #consumercredit #MCOB #CONC #retaillending

[Walker Morris LLP @WalkerMorrisUK]

Our newly appointed Regulatory partner and head of consumer and motor finance has been featured in this latest article on @AMchatter. The piece looks at his specialist expertise in financial regulation and motor finance.

https://t.co/eazO34yEIf

[Walker Morris LLP @WalkerMorrisUK]

We're delighted to welcome Russell Kelsall to Walker Morris as a partner and head of consumer and motor finance in our regulatory team. He brings with him an extensive experience and knowledge in retail financial services regulation.

https://t.co/wi6X23HWEP

[𝐌𝐚𝐭𝐭 𝐏𝐢𝐧𝐧𝐞𝐫 @Matt_Pinner]

I love winter in Dorset

Feel free to Retweet 🥶

[Russell Kelsall @RussellKelsall]

#FCA says firms must improve their treatment of struggling small business borrowers. But it has wider application to all regulated agreements. For more, including the links, please visit: https://t.co/CUJjqLfcu5 #review #consumercredit #collections #arrears #dearchair

[Russell Kelsall @RussellKelsall]

European Parliament publishes press release on a proposed new Consumer Credit Directive. #HMT will no doubt watch developments in Europe with a keen interest. For more, please see: https://t.co/1pBfEYwZ8x #consumercredit #directive #reform #CCD

[Russell Kelsall @RussellKelsall]

The #FCA's focus on how firms have treated, and continue to treat, customers in financial difficulties continues. The FCA now urges consumers to seek help. There's a consultation coming in Q3 2022 too. For more, please see: https://t.co/emslllRQqX #consumercredit #costofliving

[Russell Kelsall @RussellKelsall]

@SeaChangeSport Such a fantastic speech today, Victoria. We were very lucky to hear about your fabulous achievement! #inspiring #resilience