Financial Inclusion Strategy sets out government’s approach to supporting underserved groups across the UK
Financial inclusion means everyone can access the financial products and services they need. This helps people participate in the economy, manage their money well, and plan for the future. The newly published Financial Inclusion Strategy sets out the government’s plan to improve the financial inclusion and wellbeing of households across the UK. Developed with input […]
Read MoreNew research highlights urgent need for additional support from financial services and debt advice providers for neurodivergent people in debt
New research commissioned by StepChange Debt Charity supported by global credit reference agency Equifax has uncovered the profound and often hidden financial challenges faced by neurodivergent individuals. The report, which combined an online survey with in-depth interviews of neurodivergent individuals experiencing debt, found that: Almost all survey respondents (97%) felt that being neurodivergent presented challenges when […]
Read MoreFinancial Freedom for Everyone Campaign calls for reforms to help renters access credit
A coalition of lenders, fintechs and charities, headed up by Evlo, have launched a campaign calling for reforms that will mean rental payments count towards credit scores. The ‘Financial Freedom for Everyone’ campaign aims to help the UK’s 10 million households that rent their homes access credit for greater financial inclusion and equality for renters. […]
Read MoreLowell and Money Wellness research finds two thirds of social media debt advice is misleading
A joint study from credit management company Lowell and free debt advice provider Money Wellness has found that almost two-thirds (64.22%) of debt advice circulating on TikTok, Facebook, and Reddit is misleading, while an overwhelming 98.27% is unreliable. With over 10.1 million people in the UK currently over-indebted (FCA Credit & Loans survey), many turn […]
Read MoreFCA consults on motor finance compensation scheme
The Financial Conduct Authority (FCA) is consulting on an industry-wide scheme to compensate motor finance customers who were treated unfairly between 2007 and 2024. Its extensive review, covering data from 32m agreements, found widespread failures to adequately disclose the existence and nature of commission and contractual ties between lenders and brokers. On 1 August 2025, […]
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