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July 2020

Bob’s Blog: Creditors and regulators – MALG needs you!

31 Jul 2020 | Posted In Bob's Blog (MALG updates)

Hello to all our MALG members and contacts! Once again we’ve got a lot to update you on (see below for National Members Meeting papers, conference update and more…) but first we wanted to put out a call to action to our creditor and regulator contacts. MALG’s aim is to bring together a unique spectrum of professionals […]

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FCA provides new guidance to help firms do more for vulnerable consumers

29 Jul 2020 | Posted In Money advice news

The FCA has set out new best practice guidance for firms to do more to protect vulnerable consumers. More than 24 million people display one or more potential characteristics of vulnerability – which include physical and mental health issues, recent life events such as bereavement, capability and financial resilience. Over a million people received debt advice last […]

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Money and Mental Health Policy Institute releases report on making debt advice accessible to people with mental health problems

24 Jul 2020 | Posted In Money advice news

The Money and Mental Health Policy Institute (MMHPI) has launched its latest report Help along the way, which looks at how free debt advice can be made more accessible to people with mental health problems. According to its research, half of people in problem debt are experiencing a mental health problem. Common symptoms, such as […]

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Government confirms new statutory Breathing Space scheme will go live on 4 May 2021

20 Jul 2020 | Posted In Money advice news

The Government has published draft regulations titled The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020. The new Breathing Space scheme, originally outlined by Government in February 2020 following campaigning from the debt advice and wider sector, will go live on 4 May 2021. The 60-day breathing space […]

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FCA announces proposals to further support motor finance and high cost credit customers

03 Jul 2020 | Posted In Money advice news

The FCA has today announced proposals which would provide continued support for users of motor finance and high cost credit products, who continue to face payment difficulties due to coronavirus (Covid-19). The proposals outline the options firms will provide motor finance, buy-now pay-later (BNPL), rent-to-own (RTO) and pawnbroking customers who are coming to the end of […]

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