Solicitors Regulation Authority’s Post

What are the most common causes of claims against #lawfirms? Protect you and your organisation today. Speak to one of our trusted advisors for more information. Contact us today on: 📞0800 180 4203 📧 info@legalexplus.com #solicitorsindemnity #professionalindemnityinsurance

What are the most common causes of claims against #lawfirms? Protect you and your organisation today. Speak to one of our trusted advisors for more information. Contact us today on: 📞0800 180 4203 📧 info@legalexplus.com #solicitorsindemnity #professionalindemnityinsurance

Key take aways from the SRA #colpcofa conference ⬇️ Biggest 2025 items on the agenda: ⚖️ Bulk Litigation - particularly citing the SBB Group 📮Post Office Scandal 💷 Axiom - Consumer Protection Review The consumer protection review consultation will be launched next week focusing on 3 key areas: 🧾How and when should firms hold client money? 🧿 Protecting client money that is held 💳 Delivery and paying for the compensation fund Lots of proposals to unpack - engagement with the consultation will be important.

🚨 New Consumer Protection Guidance from the CFPB: What Businesses Need to Know 🚨 On January 14, 2025, the Consumer Financial Protection Bureau (CFPB) issued key guidance to state attorneys general and other regulatory bodies about consumer protection enforcement under the new administration. This guidance, coupled with a recent FTC report, highlights a shift towards strengthening state-level consumer protection laws and increasing collaboration between state and federal agencies. Key Takeaways: State Enforcement Power: The CFPB urges states to ban "abusive" practices, expand investigatory tools, and remove hurdles for private consumer lawsuits. This includes banning hidden fees, enhancing financial data privacy safeguards, and making it easier for consumers to take legal action. Federal-State Collaboration: There's been a growing trend of partnerships between state attorneys general and federal agencies in consumer financial enforcement. This could continue, especially if federal enforcement decreases, as the new administration prioritizes state-led actions. Actionable Steps for Companies: Businesses need to stay updated on: -Current and evolving state consumer protection laws -Legislative changes aimed at increasing consumer protections Ongoing joint investigations between state and federal agencies: As state investigations ramp up, businesses must be proactive in understanding state-level consumer protection standards to avoid potential enforcement actions. Reviewing changes at the state level and adapting to new regulations can help ensure compliance. The message from the CFPB is clear: get ahead of the curve and prepare for more scrutiny at the state level. 🌐🔍 #CFPB #ConsumerProtection #StateEnforcement #Compliance #RegulatoryUpdates #FinancialServices #BusinessInsights #GTKnowsFintech

What U.S. Government Contractors Should Know About the False Claims Act Understanding the False Claims Act is key for government contractors. You should know the rules against fraud and whistleblower protections. https://lnkd.in/gecSKKZ9

Stay vigilant with your management systems! The High Court of Australia recently ruled on a case where a college’s removal of critical controls led to unconscionable conduct, resulting in severe penalties. Even the CEO was held accountable as an accessory. With penalties recently reaching up to $438 million, it's crucial to ensure your systems are in place to protect both your business and your customers. #insuranceadvisernet

Whistleblowing Fact 654: Texas has two whistleblower laws, the Texas Whistleblower Act and Texas Medicaid Fraud Prevention Act, both of which are narrow in scope and apply in limited circumstances. See https://lnkd.in/eBfe2pDN #whistleblower #whistleblowing

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Stay united in protection, securing your family, one Takaful policy at a Time! • • #groupfamilytakaful #takafulpolicy #takafuladvisor #crowntakafulinsurance #ethicalinsurance #everyoneisbetteroff

How Governments and Trust Institutes Ensure Safety Online Learn about the role of governments and trust institutes in creating a safer online environment. Discover how Western companies are adapting to liability concerns and the measures being taken to prevent confusion and protect users. #OnlineSafety #TrustInstitutes #GovernmentRole #LiabilityConcerns #WesternCompanies #ProtectingUsers #SaferInternet #DigitalSecurity #InternetGovernance #OnlineRegulations