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FCA proposes temporary financial relief for customers impacted by coronavirus

02 Apr 2020 | Posted In Money advice news

The Financial Conduct Authority (FCA) has proposed a range of targeted temporary measures designed as a stop-gap to quickly support users of certain consumer credit products who are facing a financial impact because of the exceptional circumstances arising from coronavirus. This package is intended to complement measures already announced by the government to support mortgage […]

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Bob’s Blog: MALG Members ‘Friday Forum’ – what support do you need to tackle the Coronavirus crisis?

01 Apr 2020 | Posted In Bob's Blog (MALG updates)

Thank you to all 51 people who joined the first MALG Members ‘Friday Forum’ to discuss how we can work together across the credit, debt and money advice sectors to tackle the Coronavirus crisis. We have had some brilliant feedback on this ‘virtual’ meeting and are already looking forward to this week’s session on Friday 10-11am. It will […]

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Credit Services Association provides online hub for COVID-19 updates for the debt collection and debt purchase sectors

01 Apr 2020 | Posted In Money advice news

The Credit Services Association (CSA), the UK trade body for the debt collection and debt purchases sectors, has created an online hub for its members to keep abreast of the latest official relevant information relating to the Coronavirus pandemic. It includes key considerations for member firms along with regulatory updates and links to ‘virtual’ members’ […]

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Cross-CRA guidance for lenders reporting forbearance during Coronavirus outbreak

01 Apr 2020 | Posted In Money advice news

New guidance has been published by credit reference agencies (CRAs) to advise lenders on how to report credit data when they grant consumers forbearance as a result of COVID-19. The guidance aims to deliver the objective set out in the joint letter from the Chancellor, the Governor of the Bank of England, the CEO of the FCA […]

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Coronavirus – good news about protecting your credit score

01 Apr 2020 | Posted In Money advice news

Money advice blogger Debt Camel (Sara Williams) has been sharing useful updates for those impacted financially by the Coronavirus outbreak, including this good news about the three big UK credit reference agencies (Experian, Equifax and TransUnion) agreeing that having a temporary “payment holiday” with a lender won’t harm your credit score during this period. Read more.

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