Open Banking Implementation Entity launches #PoweroftheNetwork amid Coronavirus crisis
FinTech innovators are using open banking technology to create effective new solutions to address the economic impact of the Covid-19 outbreak. The Open Banking Implementation Entity (OBIE) has created a web page to bring these together in one place and is using the hashtag #PoweroftheNetwork to promote it. The solutions being showcased include MALG member Elifinty’s new […]
Read MoreResolution Foundation report published: Next steps in the economic response to Coronavirus
Think tank the Resolution Foundation has published a report on the next steps in the economic response to Coronavirus. The report introduction reads: “The Government has responded to Coronavirus by shutting down large parts of the UK economy, and socialising the costs of doing so through a package of fiscal support to firms and individuals unprecedented in size and scope. Given […]
Read MoreMALG publishes list of creditor email addresses for money advisers
Following a request during on of the first ‘MALG Members Friday Forums‘, which was originally set up to help those from across the money advice and debt landscape to work together to tackle the Coronavirus crisis, we curated a list of creditor email addresses for advisers to who were struggling to get in touch on […]
Read MoreUnprecedented demand for debt help predicted when Coronavirus crisis-relief ends
One of the UK’s free debt advice providers, PayPlan, has said it expects to see a huge surge in demand for debt advice when the current temporary relief being offered by lenders in response to the Coronavirus crisis comes to an end. The FCA called for interest and charges to be frozen on all loans […]
Read MoreMoney Advice Trust calls for FCA to ‘close the gaps’ in its Covid-19 consumer credit measures
The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has called on the Financial Conduct Authority to “close the gaps” in its package of support for consumer credit customers affected by the Covid-19 outbreak. The charity has welcomed the FCA’s proposals on credit cards, loans and overdrafts – but is calling […]
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