The field of consumer credit law has undergone major and fundamental change in the recent past, due in part to the regulation since 1 April 2014 of consumer credit by the Financial Conduct Authority, and this book provides a clear and complete guide to this difficult area of law.

Fully updated for the second edition, the author considers new developments including:

the new authorisation process under the Financial Services and Markets Act 2000, including the interim permission regime, and its consequences; the new regime for financial promotions as applied to credit...

Using the case study of private banking in Hong Kong, the book explains why clients do not seek legal redress even if they have the resources and a justifiable reason to do so. Describes how clients react to the laws and regulations and the potential adverse impacts to the stability of the banking industry, highlighting potential aspects that could trigger another financial crisis. Offers ground-breaking insights from both theoretical and empirical perspectives, which leads to a new set of factors that extend beyond substantive and procedural issues associated with arbitration, and also...