FCA proposes protections to help Buy Now Pay Later borrowers navigate their financial lives
Buy Now Pay Later (BNPL) borrowers will benefit from key protections in place for other types of lending, under proposals put forward by the Financial Conduct Authority (FCA). The proposals include requiring lenders to check that people can afford to repay BNPL loans and to offer support if they get into financial difficulty. They form […]
Read MoreGovernment consulting on modernising and improving the administration of council tax
The Ministry of Housing, Communities and Local Government is seeking views on the administration of council tax including: changing the ways council tax is billed, collected and enforced modernising the support available in the system supporting councils to improve efficiency Taken together, these changes aim to create a fairer and more efficient system for taxpayers […]
Read MoreMoney Advice Trust and Citizens Advice publish new Insolvency Report, as debt remedies need ‘major rethink’
Money Advice Trust and other leading debt charities are calling for a fundamental overhaul of the personal insolvency system in England and Wales, warning that current debt remedies are no longer working for people in crisis or for creditors. In a new joint paper Citizens Advice and the Money Advice Trust set out a blueprint […]
Read MoreFinance & Leasing Association’s Fiona Hoyle appointed as new Chair of Money Advice Liaison Group (MALG)
Fiona Hoyle, Head of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), has been appointed as the new Chair of Money Advice Liaison Group (MALG). Fiona has been on the Board of MALG, the not-for-profit membership organisation covering the whole of the debt landscape in the UK, for four years. […]
Read MoreCitizens Advice launching a new debt advice service for energy consumers in England and Wales later this year, with equivalent arrangements available in Scotland
Citizens Advice will be launching a new debt advice service for energy consumers in England and Wales later this year, with equivalent arrangements available in Scotland. They have been working on this proposal for some time, responding to the significant increase in people coming to them with energy debt since the energy crisis. Across the […]
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