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February 2017

Bob’s Blog: The next MALG Members’ Meeting and other news

24 Feb 2017 | Posted In Bob's Blog (MALG updates)

I think it’s safe to say that the last MALG Members’ Meeting in January was a huge success! Attendees, who heard excellent presentations from academics Professor Sharon Collard and Chris Fitch and GambleAware’s Jane Rigbye, said it felt like a ‘game changer’ in the development of a new and improved MALG. You will be able […]

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Launch date of the Standard Financial Statement confirmed

20 Feb 2017 | Posted In Money advice news

The Money Advice Service has announced that the Standard Financial Statement (SFS) begins operation on 1 March 2017 and thanked the many advice agencies, creditors, trade bodies and others involved in its development, including the MALG members who were part of the governance group. The first advice providers will begin using the new SFS format […]

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Citizens Advice publishes Doorstep Loan report

16 Feb 2017 | Posted In Money advice news

Citizens Advice has published a report entitled ‘Debt on your doorstep’ looking into the doorstep loan market, which is the largest high-cost credit market in the UK used by over 1.3m customers. It identifies common problems experienced by their clients with unmanageable doorstep loans such as high-pressure sales tactics, inadequate affordability checks and aggressive collections […]

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Which? reports bank overdraft charges are higher than payday lenders

08 Feb 2017 | Posted In Money advice news

Research published today by Which? has highlighted that customers  accessing unauthorised overdrafts can face charges seven times higher than the cost of borrowing from a payday lender. The report also found that it’s often the most vulnerable customers that are hit the hardest. Read Rachel Reeves MP’s summary of the findings here.

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Bob’s Blog: MALG is looking for a new Secretary

06 Feb 2017 | Posted In Bob's Blog (MALG updates)

Following the announcement of our 2017 conference date and venue, we have some sadder news. MALG’s secretary Maria Wadsworth, who has been supporting the organisation in this capacity for the past 12 months, is planning to set sail (quite literally!) and will be leaving us in April. I’m sure all of you who have dealt […]

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