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Portrait of Bill McCaffrey

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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  • Bill is consulting editor for Halsbury’s Laws of England: Consumer Credit 
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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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Get in contact with


03 June 2021
Con­sumer cred­it in­form­a­tion sheets up­dated by FCA
The FCA has pub­lished re­vised con­sumer cred­it in­form­a­tion sheets on its webpage. In ac­cord­ance with sec­tion 86A of the Con­sumer Cred­it Act 1974, lenders are re­quired to in­clude a copy of the rel­ev­ant...
07 May 2021
De­fault No­tices for Con­sumer Cred­it Agree­ments: Have you made the changes?
Firms are re­minded that the re­quired amend­ments to de­fault no­tices must be made by 2 June 2021. The Con­sumer Cred­it (En­force­ment, De­fault and Ter­min­a­tion No­tices) (Coronavir­us) (Amend­ment) Reg­u­la­tions...
05 May 2021
Con­sumer cred­it firms: changes to SECCI im­min­ent
As pre­vi­ously re­por­ted, con­sumer cred­it firms must make changes to their pre-con­tract con­sumer cred­it in­form­a­tion forms. These changes are now im­min­ent and must be made from 1 June 2021. Which firms are...
26 March 2021
The FCA pub­lishes fur­ther up­dated tailored sup­port guid­ance for mort­gage...
The FCA has pub­lished fi­nal­ised tailored sup­port guid­ance (TSG) for mort­gage firms, set­ting out its ex­pect­a­tions on re­pos­ses­sions from 1 April 2021. The reg­u­lat­or also pub­lished the Coronavir­us linked...
22 March 2021
Gov­ern­ment acts to bring Buy-Now-Pay-Later products with­in the reg­u­lat­ory...
Fol­low­ing the Woolard Re­view (“the Re­view”) earli­er this year, HM Treas­ury an­nounced plans to bring Buy-now-pay-later (“BN­PL”) cred­it agree­ments in­to reg­u­la­tion. The Gov­ern­ment has now brought...
09 December 2020
UK reg­u­lat­or pub­lishes port­fo­lio strategy let­ter for main­stream con­sumer...
The Fin­an­cial Con­duct Au­thor­ity (FCA) has pub­lished a 'Dear Board of Dir­ect­or­s' let­ter it had sent to main­stream con­sumer cred­it lenders (MC­CL). The let­ter, pub­lished on Decem­ber 2, is rel­ev­ant to firms...
27 November 2020
Firms must up­date their doc­u­ment­a­tion to ex­clude ref­er­ence to SECCI
In a re­cent de­vel­op­ment, the stat­utory in­stru­ment ad­dress­ing the Stand­ard European Con­sumer Cred­it In­form­a­tion sheet (“SECCI”) trans­ition was laid. The Fin­an­cial Ser­vices and Eco­nom­ic and Mon­et­ary...
20 November 2020
FCA con­firms up­dated sup­port for con­sumer cred­it cus­tom­ers
The FCA has pub­lished up­dated guid­ance to firms con­firm­ing the en­hanced sup­port that should be made avail­able to con­sumer cred­it cus­tom­ers who are fa­cing pay­ment dif­fi­culties as a res­ult of coronavir­us...
18 November 2020
FCA con­firms up­dated sup­port for mort­gage bor­row­ers
The FCA has pub­lished up­dated Pay­ment De­fer­ral Guid­ance out­lining en­hanced sup­port that should be avail­able to mort­gage bor­row­ers ex­per­i­en­cing pay­ment dif­fi­culties due to the Cov­id-19 pan­dem­ic. The FCA...
12 November 2020
Con­sumer Cred­it Up­date: Changes to No­tices – what needs to be done?
HM Treas­ury has pub­lished The Con­sumer Cred­it (En­force­ment, De­fault and Ter­min­a­tion No­tices) (Coronavir­us) (Amend­ment) Reg­u­la­tions 2020 (the Amend­ing Reg­u­la­tions), com­ing in­to force on 2 Decem­ber 2020...
04 November 2020
FCA an­nounces fur­ther pro­pos­als to sup­port mort­gage and con­sumer cred­it...
After the Gov­ern­ment’s an­nounce­ment on 31 Oc­to­ber 2020 of an­oth­er na­tion­wide lock­down, the FCA pub­lished a state­ment pro­pos­ing to up­date its tem­por­ary guid­ance on mort­gages to sup­port bor­row­ers who...
27 August 2020
FCA pro­poses the next stage of sup­port for mort­gage cus­tom­ers
The FCA has an­nounced pro­posed ad­di­tion­al guid­ance (the Pro­posed Guid­ance) de­signed to en­sure firms provide tailored, be­spoke sup­port to mort­gage bor­row­ers who con­tin­ue to face pay­ment dif­fi­culties as...