APPG launches inquiry into young victims of financial crime
The All-Party Parliamentary Group on Financial Crime and Scamming has launched a review into how young people can be protected from financial crime. Figures released by Cifas, the UK’s fraud prevention service, revealed a 75 per cent increase in the misuse of bank accounts involving 18 to 24 year olds during the first nine months […]
Read MoreThe IMA’s adviser networking and information sharing project
The Institute of Money Advisers (IMA) and Shelter are delighted to be working together to provide up-to-date information and resources to the money advice sector. Shelter’s Specialist Debt Advice Service (SDAS) offers free professional guidance with complex debt queries. The service can be accessed by debt advisers offering free-to-client advice in England and Wales. The […]
Read MoreLending Works chooses Credit Kudos to power new Open Banking initiative
Credit Kudos and Lending Works have announced a partnership that creates one of the first commercial applications of the new Open Banking standard, empowering customers to instantly verify income in support of loan applications. Credit Kudos, a challenger credit bureau, and Lending Works, a fast-growing peer-to-peer (P2P) lending platform, are partnering to enable customers to […]
Read MoreReport from Resolution Foundation: An unhealthy interest? Debt distress and the consequences of raising rates
Resolution Foundation have published a report highlighting the growing problem of UK household debt. Debt Standing at nearly £1.9 trillion, UK household debt remains a big issue. It is one that has very real and very obvious relevance for those families having to meet repayment commitments. But it is one that has macroeconomic implications […]
Read MoreCitizens Advice report: Out of Luck – An exploration of the causes and impacts of problem gambling
Citizens Advice have published a research report on the life-changing effects problem gambling can have on the families, friends and work colleagues of the gambler – from increased debt to family breakdown. The research involved an online survey of around 1,500 self-selecting problem gamblers and affected others, as well as more than 30 in-depth […]
Read More