Resolution Foundation publishes briefing on inequalities in the use of consumer credit in the UK
Low-income households have seen the fastest rise in the use of consumer debt since the financial crisis, and are too exposed to financial shocks, according to new research published on 15 January by the Resolution Foundation. An outstanding balance? explores changes in the use of consumer debt – including credit cards, store cards, mail order and […]
Read MoreGambling on credit cards to be banned from April 2020
The Gambling Commission has announced a ban on gambling businesses allowing consumers in Great Britain to use credit cards to gamble. The ban, which comes into effect on 14 April 2020, follows the Commission’s review of online gambling and the Government’s Review of Gaming Machines and Social Responsibility Measures. A public consultation was carried out between August and November […]
Read MoreScottish Government publishes Debt Advice Routemap for Scotland
The Scottish Government has published the ‘Tackling problem debt advice: routemap’ which sets out its vision for a user-centred, collaborative and sustainable free debt advice system in Scotland. The actions set out in the routemap are all aimed in some way to improve how users find and experience free debt advice but recognises that these actions […]
Read MoreFirst-of-a-kind Debt Advice Apprenticeship to launch in 2020
The first-of-its-kind debt advice apprenticeship, which was the subject of a breakout session at the MALG Conference 2019, has been approved by the Institute of Apprenticeships. The first cohort of advisors will start to study under the new apprenticeship, which will grant them a level 3 qualification, in April 2020. The apprenticeship has been created […]
Read MoreResponses to Ofcom consultation on proposed guide for treating vulnerable consumers fairly published
Several organisations in the money advice and related sectors have published their responses to Ofcom’s recent consultation on its proposed guide for treating vulnerable customers fairly. Money and Mental Health Policy Institute would “like to see more accessible services, responsible debt collection practices and fewer people disconnected.” The Money Advice Trust says that “the proposed […]
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