Money 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 […]
Read MoreMoney and Mental Health Policy Institute research exposes ‘aggressive’ Local Council debt collection practices and calls for action
Research published by the Money and Mental Health Policy Institute, the charity founded and chaired by Martin Lewis, reveals that around 2m people with mental health problems in the UK have fallen into a ‘council tax trap’ – missing one payment and then facing rapidly escalating debt collection activity, fees and charges when they are […]
Read MoreCredit Services Association report addresses reluctance of consumers to discuss debt
A new report from the Credit Services Association (CSA), the UK trade body for the debt purchase and collections industry, has found that public perceptions of debt enforcement are at odds with reality, with anxieties about talking to a debt collector about arrears out of line with the likelihood of enforcement proceedings. The report, entitled […]
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