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March 2017

Lords Financial Exclusion Committee says high cost credit products must be tackled to avoid ‘poverty premium’

27 Mar 2017 | Posted In Money advice news

The Lords Financial Exclusion Committee has published a report highlighting how regulation has been successful in battling abusive practices by payday loan companies but says that banks are failing the customers who need them the most, leaving the poorest to rely on expensive products. It recommends that controls on “rent to own” products and other […]

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MALG Chair launches new research on customer vulnerability and debt collection

21 Mar 2017 | Posted In Money advice news

MALG Chair Liz Barclay this morning launched the Finance & Leasing Association and The UK Cards Association’s new publication: ‘Vulnerability; a guide for debt collection – 21 questions, 21 steps’. Both trade associations and a number of other MALG members including the Credit Services Association and the Money Advice Trust, worked in partnership with the […]

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MALG members launch joint ‘Taking Control’ campaign for bailiff reform

14 Mar 2017 | Posted In Money advice news

Money Advice Liaison Group members The Money Advice Trust, AdviceUK, Christian’s Against Poverty, Citizens Advice and StepChange have launched a new campaign for bailiff reform called ‘Taking Control’. Despite the April 2014 reforms, debt advice charities continue to receive reports of widespread problems with the behaviour of bailiffs and bailiff firms. The ‘Taking Control’ report […]

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Christians Against Poverty launches new accessible and holistic financial education service

13 Mar 2017 | Posted In Money advice news

Christians Against Poverty (CAP) has launched a new service, CAP Life Skills. This complements its current debt management work by helping build financial capability through a holistic eight-week course run as a weekly community group meeting. Statistics show that 57% of British people do not track their spending, only 41% of the population are saving and […]

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R3 publishes research showing 1 in 4 British adults’ mental health affected by personal finances

13 Mar 2017 | Posted In Money advice news

R3, the insolvency and restructuring trade body, has published a new briefing showing that 1 in 4 British adults’ mental health is affected by personal finance concerns. The research, carried out in partnership with ComRes, was conducted with over 2,000 adults. Key findings include: 24% of British adults say that their personal or household finances are currently […]

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