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May 2018

FCA publishes outcome of high-cost credit review

31 May 2018 | Posted In Money advice news

The Financial Conduct Authority (FCA) has announced new proposals designed to protect millions of people who use overdrafts and high-cost credit. The changes the FCA are consulting on follow an in-depth review into the high-cost credit market and are expected to reduce the costs for consumers and give them greater control over their finances. These […]

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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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Bob’s Blog: Conference ‘save the date’ and Members Meeting papers

01 May 2018 | Posted In Bob's Blog (MALG updates)

Welcome MALG members and contacts! I hope you’re all well and enjoyed the sunnier weather we we’ve been lucky enough to have this April. I was delighted to see such a good turnout at the National Members Meeting in London on 24th April. We had an excellent line-up of speakers and I’m sure you’ll agree […]

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