Homeless charity Shelter announced as supplier for specialist debt advice support service
MALG member the Money Advice Service has announced that Shelter will be the supplier to deliver a three-year contract for specialist debt advice support services on its behalf. The support service will provide organisations across the debt sector with free access to a panel of experts to help guide them through complex debt cases and […]
Read MoreFinancial Conduct Authority sets out agenda and priorities for consumer credit
MALG member the Financial Conduct Authority (FCA) has today published the outcome of its review into high-cost credit, which includes its assessment of the effectiveness of the payday loan price cap. The financial service industry regulator’s review provides clear evidence that FCA regulation of high-cost short-term credit (often known as ‘payday lending’) has delivered substantial […]
Read MorePayplan research shows 20% increase in debt management advice
MALG member Payplan has released research which shows that the amount of individuals reaching out for debt management advice has increased by 20% since May 2017. The findings were revealed at a recent creditor roundtable, hosted by PayPlan at the Money Advice Service headquarters, with PayPlan highlighting a significant rise in those seeking help with […]
Read MoreBCCA and Consumer Finance Association merge
MALG members BCCA and the Consumer Finance Association (CFA) have announced that they will join together to represent alternative lenders and allied services. The joint statement reads: “The short-term lending sector has changed radically over the last few years in areas such as regulation and lending culture. It is time for a change in sector […]
Read MoreGovernment and Ofgem set out plan to upgrade energy system as part of UK’s Industrial Strategy
A plan to give homes and businesses more control over their energy use and support innovative new technologies, as part of the Industrial Strategy, was set out by Business and Energy Secretary Greg Clark today (24 July 2017). The innovative plan will transform how homes and businesses store and use energy. It will deliver a […]
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