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June 2017

UK Cards Association publishes new guide for digital wallet providers

30 Jun 2017 | Posted In Money advice news

MALG member the UK Cards Association has published a new guide for digital wallet providers Digital wallets, where a traditional debit or credit card account is loaded onto an electronic device, have grown in use in the UK in recent years. The new guide provides a practical manual for potential new entrants, setting out the conventions and behaviours of the card payment […]

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Bank of England publishes latest Financial Stability report

29 Jun 2017 | Posted In Money advice news

The Bank of England publishes its Financial Stability report twice a year via the Financial Policy Committee (FPC), which has assessed the overall risk from the domestic environment to be at a standard level in June 2017 The Executive Summary reads: As is often the case in a standard environment, there are pockets of risk […]

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The Insolvency Service: Unlicensed money lending companies shut down

29 Jun 2017 | Posted In Money advice news

MALG member The Insolvency Service has announced that 14 companies involved in unauthorised money lending controlled by Dharam Prakash Gopee have been wound up by the High Court. This follows an investigation by Company Investigations of the Insolvency Service which found that of the 14 companies, only one had ever possessed a consumer credit licence permitting it […]

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Money Advice Service research identifies the signs people might be in debt for creditors to spot

23 Jun 2017 | Posted In Money advice news

To coincide with the launch of its #TalkMoneyWorries campaign, MALG member the Money Advice Service has released new research which identifies the signs people might be in debt to help friends, family members, and creditors spot issues early on. One in six adults is at risk of crisis debt but less than one in five […]

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Money advice/poverty sector responds to ‘threadbare’ Queen’s Speech

21 Jun 2017 | Posted In Money advice news

Responding to today’s Queen’s Speech, Mike O’Connor, Chief Executive of StepChange Debt Charity, said: “Household debt is high by historical standards and consumer borrowing continues to head towards levels not seen since the economic crisis. Millions of households are resorting to credit as the only way to keep up with essential household bills. And millions more […]

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