In this article, the authors review two rules proposed recently by the Consumer Financial Protection Bureau that would restrict the imposition of non-sufficient funds fees and overdraft fees.
Read the full article, "Consumer Financial Protection Bureau's Non-Sufficient Funds and Overdraft Fees Proposals: What Financial Institutions Should Know," in The Banking Law Journal.
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The Court of Appeal has overturned a 2023 High Court decision in Manolete v White [2024], ruling that courts cannot issue injunctions requiring members to draw down their occupational pensions to make them available to judgment creditors.
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The Chancellor presented her maiden Budget on October 30, 2024.
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On October 29, 2024, the PPF published a response to its March 2024 consultation, confirming that it would proceed with its proposal to give actuaries the option of using a bespoke discount rate assumption in s. 143 valuations of smaller pension schemes.
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