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Bill McCaffrey

Head of Consumer Credit

CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
United Kingdom
Languages English

Bill McCaffrey is a partner in the Financial Services and Products team and Head of its Consumer Credit practice.

Consistently top ranked in the Chambers UK legal directory, he is singled out for his in-depth understanding of the market.

He focuses on legal and regulatory issues relating to secured and unsecured loans, instalment credit, leasing, asset finance, payment services and electronic money.

Bill joined CMS from Salans where he was a partner for 7 years. Before that he spent 14 years as a senior in house lawyer at Abbey National plc, First National Bank plc and Wagon Finance Limited.

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“He knows the area inside out”

Chambers, 2015

"A friendly, conscientious, practical and client-focused lawyer … it is rare to get someone at this high a level who retains that empathy with a client"

Chambers, 2014

Relevant experience

  • Creditors and lessors on documentation and procedures for credit and hire products.
  • Credit agreements, statutory statements and notices.
  • Lenders and lessors on finance advertising.
  • Payment Services Regulations including obtaining authorisation and passporting.
  • Electronic Money Regulations including authorisation and passporting.
  • Asset portfolio acquisitions and sales.
  • Lender and lessor trading agreements with suppliers and intermediaries.
  • Account terms and conditions.
  • Block discounting, factoring and invoice discounting agreements.
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  • 1986 – LLB, Strathclyde University, Glasgow
  • 1987 – Law Honours, Strathclyde University, Glasgow
  • 1988 – Dip LP, Strathclyde University, Glasgow
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  • Bill is consulting editor for Halsbury’s Laws of England: Consumer Credit 
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Show only
18 May 2020
Coronavir­us and cus­tom­ers in tem­por­ary fin­an­cial dif­fi­culty: fi­nal guid­ance...
The Fin­an­cial Con­duct Au­thor­ity (“FCA”) has is­sued its fi­nal guid­ance (and ac­com­pa­ny­ing feed­back state­ment) for in­sur­ance and premi­um fin­ance firms on the fair treat­ment of cus­tom­ers in tem­por­ary...
04 May 2020
Coronavir­us and cus­tom­ers in tem­por­ary fin­an­cial dif­fi­culty: draft guid­ance...
On Fri­day 1st May, the Fin­an­cial Con­duct Au­thor­ity (the “FCA”) is­sued draft guid­ance for reg­u­lated firms op­er­at­ing in the in­sur­ance and premi­um fin­ance mar­kets in re­spect of cus­tom­ers fa­cing tem­por­ary...
27 April 2020
FCA con­firms sup­port for mo­tor fin­ance cus­tom­ers
Fur­ther to the draft guid­ance pub­lished on 24th April 2020, the FCA has now is­sued its fi­nal guid­ance re­gard­ing sup­port for cus­tom­ers of mo­tor fin­ance agree­ments, who are strug­gling fin­an­cially as a res­ult...
17 April 2020
Mo­tor fin­ance agree­ments and coronavir­us - draft tem­por­ary guid­ance for...
This in­form­a­tion is cor­rect as of 15:00pm on 17 April 2020 and will not be main­tained. On Fri­day 17th April, the Fin­an­cial Con­duct Au­thor­ity (the “FCA”) is­sued draft guid­ance for reg­u­lated firms that...
27 December 2018
The FCA pro­poses re­form on charges for over­drafts
In­tro­duc­tion On 18th Decem­ber 2018, the FCA an­nounced rad­ic­al pro­pos­als to re­form how banks charge for over­drafts. The FCA’s Chief Ex­ec­ut­ive, An­drew Bailey, said ‘we are pro­pos­ing to make the biggest...
04 June 2018
FCA re­leases Con­sulta­tion Pa­pers as part of High Cost Cred­it Re­view
As part of an on-go­ing pro­cess of re­view­ing high-cost cred­it products, the FCA re­cently pub­lished two con­sulta­tion pa­pers fo­cus­ing on: rent-to-own, home-col­lec­ted cred­it, cata­logue cred­it and store...
09 August 2017
A new way to pay: the Pay­ments Strategy For­um launches a con­sulta­tion on...
In sup­port of their Novem­ber 2016 strategy to change UK pay­ments sys­tems, the Pay­ments Strategy For­um (“PSF”) has pub­lished a pub­lic con­sulta­tion titled a "Blue­print for the Fu­ture of UK Pay­ments"....
21 April 2017
Fin­an­cial Con­duct Au­thor­ity launches con­sulta­tion on draft guidelines to...
On 13 April 2017, the UK Fin­an­cial Con­duct Au­thor­ity (“FCA”) launched a con­sulta­tion on a draft ap­proach doc­u­ment set­ting out its ap­proach to the im­ple­ment­a­tion and in­ter­pret­a­tion of the Second Pay­ment...