Christians Against Poverty publishes client report ‘On the edge’
Christians Against Poverty (CAP) has published its latest client report entitled ‘On the edge’. Officially launched at a Westminster reception attended by MALG’s CEO Bob Winnington, it contains stats, client stories and up to date info on CAP’s work around the UK to empower people to get out of debt and poverty. Key statistics from […]
Read MoreUK commits to reform of the Consumer Credit Act
Plans to modernise consumer credit laws to cut costs for businesses and simplify rules for consumers have been announced by the government. UK government commits to reform the Consumer Credit Act – which regulates all credit card purchases and personal loans Plans to modernise the act will cut costs for businesses and simplify rules for […]
Read MoreFCA tells lenders to support consumers struggling with the cost of living
The Financial Conduct Authority (FCA) has written to more than 3,500 lenders to remind them of the standards they should meet as consumers across the country are affected by the rising cost of living. With household bills expected to continue to rise into the autumn, it is important that firms act now to make sure […]
Read MoreCost of living pressures continue to drive new clients to StepChange for debt advice
New data from StepChange Debt Charity shows that the cost of living was the second most commonly cited reason for debt in April 2022, up from the third most common in March 2022 and the sixth most common in 2021. The proportion of clients citing the cost of living as a driver of their problem […]
Read MoreStatutory Debt Repayment Plan (SDRP) Consultation opens
The government is consulting on draft regulations to introduce a new statutory debt solution known as the statutory debt repayment plan (SDRP). The SDRP will be focus on repayment of debt, rather than debt relief, addressing a gap in the debt solution landscape. The SDRP will include a broad range of debts, including debts owed […]
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