In a post on Friday, US President Trump said he wanted an interest rate cap on credit card debt to begin on 20 January.  It follows his proposal for a 10% interest cap in his presidential campaign. The post referred to the public being ‘ripped off by credit card companies charging interest rates of 20 to 30%.  This Post considers whether Trump’s proposals could work in making US households better-off, and whether there could be any read across to the UK.

It’s reported that Chancellor Rachel Reeves is weighing up a hundred different measures ahead of the Budget on 26 November.  Well, here’s option 101: ‘Lease out to Help Out’. The ‘Lease Out to Help Out’ option would be a (less controversial) successor to the pandemic’s ‘Eat Out to Help Out’ scheme, for the hospitality sector and maybe other sectors too.

The FCA’s 360-page consultation on a motor finance commission scheme, published last week, is very clearly designed to protect the regulator from a Judicial Review.But my reading of the proposals is that the FCA would have failed to follow the right procedures, and be exposed to a JR risk, if it were to finalise the scheme based on its current proposals, because there is a key missing link in its analysis: the lack of a basis for rebuttal for cases where the customer paid a c