The BBA is now integrated into UK Finance. Please go to www.ukfinance.org.uk for new content and updates from UK Finance.
Material published by BBA prior to 1st July 2017 is still available on this website.
From 1 July 2017, the finance and banking industry operating in the UK will be represented by a new trade association, UK Finance. It will represent around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation will take on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association.x
We are pleased to announce the introduction of a Statement of Principles which sets the standard for CMCs when taking Letters of Authority (authority) from customers, to allow them to Read More
The BBA is supportive of proposals to strengthen funding of MOJ’s activities in the regulation of claims management companies. We continue to support the principles of self-financing, which must mean Read More
First, the BBA would like to express its support for the move to extend the jurisdiction of the Legal Ombudsman (LeO) to cover complaints from customers regarding CMCs. We believe Read More
At present in financial services, Alternative Dispute Resolution Directive (ADR) provision only covers individuals and SMEs. In the BBA’s view, there could potentially therefore be gaps in the mid-corporate sector Read More
This week the BBA submitted its response to the Ministry of Justice Claims Management Regulator’s consultation on the amendments to the Compensation Act 2006 through the Financial Services (Banking Reform) Read More
This week the BBA submitted its response to the Ministry of Justice Claims Management Regulator (CMR)’s consultation of proposed changes to the Conduct of Authorised Persons Rules; the rules that Read More
The BBA largely supports the proposals outlined in this consultation paper in relation to the proposed regulation fee levels for Claims Management Companies (CMCs) in 2014-2015. We welcome the increase Read More
Both Citizens Advice and the British Bankers’ Association (BBA) continue to support the Ministry of Justice (MoJ) Claims Management Regulation (CMR) Unit’s efforts to regulate the CMC industry and are Read More
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