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Latest behavioural insights could help 12.7 million make more of their money

17 May 2018 | Posted In Money advice news

The Financial Capability Lab – a Money Advice Service and Behavioural Insights Team partnership – has developed new ways to tackle challenges faced by financially squeezed households. New research released 10 May 2018 showcases innovative ideas aimed at tackling everyday money challenges. This fresh approach from The Financial Capability Lab – a partnership between the Money […]

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Credit Kudos takes the lead in the Open Banking rollout race

10 May 2018 | Posted In Money advice news

Technology-driven challenger credit bureau, Credit Kudos, has announced the successful roll-out of Open Banking connections with the largest UK banks, becoming the first credit bureau to offer Open Banking services to lenders and individuals. The roll-out of Open Banking began in January 2018 and is set to fundamentally change the way consumers interact with banks. Nine […]

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Nationwide Building Society poll finds independent Brits silently struggling with debt

03 May 2018 | Posted In Money advice news

More than half of Brits with debt are struggling according to a new poll by MALG member Nationwide Building Society that reveals most people take on the strain themselves rather than seek help. The poll of more than 2,000 UK adults reveals that of those in debt, 57 per cent are experiencing debt problems and […]

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Debt Advice Steering Group supports Peter Wyman’s Independent Review of Debt Advice Funding

25 Apr 2018 | Posted In Money advice news

A major Independent Review of the Funding of Debt Advice, led by Peter Wyman, was published on 25 January 2018. In the three months following, almost 30 organisations have formally responded to the Review. The Debt Advice Steering Group (DASG) has now considered those responses in detail and agreed to back the direction of travel […]

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Ministry of Justice crackdown on rogue bailiffs

03 Apr 2018 | Posted In Money advice news

Bailiffs who aggressively pursue debts will come under fresh scrutiny through plans announced by ministers to tackle intimidating and inappropriate behaviour. The Government is to launch a call for evidence following concerns that a minority of bailiffs are still acting aggressively when collecting money from debtors – particularly from vulnerable people. The call for evidence, which […]

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