John Lunn
PartnerJohn is a Banking and Finance partner based in Edinburgh and heads our Retail Banking team.
John has over 30 years' experience as a Banking and Finance lawyer and his expertise lies in financial services regulation. He is recognised as one of the UK's leading specialists on the regulation of consumer credit and mortgages. He is ranked for UK Consumer Finance in Chambers Legal Directories.
John also advises clients on marketing materials. This involves the UK code of non- broadcast advertising and direct & promotional marketing (CAP) as well as the broadcasting code (BCAP) which applies to aspects such as sponsorship credits on radio and television services.
John is our Financial Conduct Authority (FCA) compliance officer and anti-bribery partner.
Areas of Expertise
Banking & Finance
Article
FCA consultation on the regulation of Deferred Payment Credit
The FCA has published a consultation paper (CP25/23) on how it proposes to regulate what will become known as deferred payment credit (DPC). DPC is one form of what is currently unregulated buy-now-pay-later (BNPL) credit, and is where a third-party lender funds the credit in a borrower-lender-supplier relationship. This follows the response issued by HM Treasury in May 2025 to its earlier consultation on the regulation of BNPL credit in late 2024. The response established that the government did not intend to regulate BNPL credit where the credit is provided by the supplier of the goods or services (the merchant).
Article
PRA consultation on Credit Union Service Organisations
The Prudential Regulatory Authority (PRA) has published a consultation paper (CP13/25) in which it proposes rules and expectations in relation to credit unions that invest in, or wish to invest in, Credit Union Service Organisations (CUSOs).
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Landmark ruling on Waller-Edwards case
The UK Supreme Court recently issued its judgment in the Waller-Edwards case, which extends the Etridge principle to hybrid loans, offering stronger safeguards for individuals who may be vulnerable to undue influence.