Court refuses judicial review of debt packager rules

The Administrative Court refused permission for a judicial review claim of FCA’s decision to ban referral fees for debt packagers. The rules took effect last year. FCA made them to remove a strong incentive for debt packagers to give advice which is not in the customer’s best interests or appropriate to the customer’s circumstances. Promethean Finance Limited had applied for permission to bring a judicial review claim to challenge the rules.

Emma Radmore