Government launches consultation on bringing Buy-Now Pay-Later companies under supervision of FCA
Buy-Now, Pay-Later products have become increasingly popular in recent years as they allow people to spread the cost of purchases over time, but users currently do not have access to a range of key protections provided by other consumer credit products. The Government has launched a consultation on proposals to fix this by bringing Buy-Now, […]
Read MoreMoney and Pensions Service publishes summary of responses and next steps from consultation on the delivery of its debt advice strategy
Money and Pensions Service (MaPS) has published a summary of responses and its planned next steps following the consultation on the delivery of its debt advice strategy. In 2021/22 MaPS undertook a major commissioning exercise for debt advice. Following this exercise MaPS committed to carrying out a public consultation in order to help shape its […]
Read MoreMoney Advice Trust renews calls for urgent debt help following latest energy price cap increase
In response to the latest figures from Ofgem showing energy debt levels have been broken records again, with £3.69bn now owed, Money Advice Trust is renewing its calling for urgent help for households facing unaffordable energy debts. The figures were released ahead of the latest energy price cap increase, which came into effect on 1st […]
Read MoreFCA Call for Input on Review of requirements following the introduction of the Consumer Duty to close on 31 October 2024
There is just over one month left to respond to the Financial Conduct Authority’s (FCA) call for input asking for views on whether, where and how it can refine its retail conduct rules, while ensuring it continues to support and protect consumers. The FCA wants to see where it can simplify its retail conduct rules […]
Read MoreFCA Chief Executive Nikhil Rathi delivers speech on ‘a change in mindset on financial inclusion’ at StepChange Connected 2024
Financial Conduct Authority (FCA) Chief Executive Nikhil Rathi delivered a speech entitled: ‘Catalysing productivity and growth: A change in mindset on financial inclusion’ at StepChange Debt Charity’s annual partnership event, which was attending by MALG CEO Bob Winnington. Highlights included: Financial inclusion and growth need not be mutually exclusive. There cannot be genuine financial inclusion […]
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