Money Advice Trust says households on a ‘collision course’ with the cost of living crisis
One in seven (an estimated 7.9 million) UK adults is behind on at least one household bill and one in eight (an estimated 6.2 million) have gone without heating, water or electricity in the last three months as a result of rising costs, according to research from the Money Advice Trust. The charity, which runs National […]
Read MoreCentre for Social Justice publishes illegal money lending report
The Centre for Social Justice’s (CSJ) new report, Swimming with Sharks: Tackling illegal money lending in England, estimates that up to one million people in England are borrowing from an illegal money lender today – that is, someone who lends money for profit without a licence from the Financial Conduct Authority. In the first major study […]
Read MoreOne in 12 now using Buy Now Pay Later to cover essentials, Citizens Advice has found
One in 12 people turned to Buy Now Pay Later (BNPL) to cover basic costs – such as food and toiletries – in the last six months, Citizens Advice has found. The charity discovered young people, those in debt and those claiming Universal Credit, are at least twice as likely to have used BNPL for […]
Read MoreNew Enforcement Conduct Board appoints Chair
Catherine Brown, the former Chief Executive of the Food Standards Agency and current Chair of environmental charity Hubbub, has been announced as the first Chair of the Enforcement Conduct Board. The Board is a new independent oversight body for the civil enforcement sector and will act to drive up standards, improve the effectiveness of enforcement […]
Read MoreBob’s Blog: MALG Virtual Connect – not long to go!
Hello to all our members and contacts! With so many challenges facing our clients and customers at this time, it is even more important for us to provide as many opportunities as possible for those from across the money advice and credit landscape to share information and discuss key topics. MALG Virtual Connect 2022 – […]
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