Money Advice Service launches good practice creditor toolkit on working collaboratively with debt advice agencies
A new toolkit to bring consistency to the way creditors work with debt advice agencies when collecting repayments from people who are in debt is being launched by the Money Advice Service at today’s Money Advice Liaison Group (MALG) National Members’ Meeting. This is the first time that all major debt advice agencies and creditors […]
Read MoreOfgem announces plans to protect vulnerable customers
Energy regulator Ofgem has announced plans to protect vulnerable consumers as part of a wider programme to make sure all consumers get a better energy deal. Options being considered include introducing a safeguard tariff for vulnerable consumers which would protect them from overpaying for their energy. Research from Ofgem and the findings of the Competition and […]
Read MoreUK Finance launches
From today (3 July 2017), the finance and banking industry operating in the UK will be represented by a new trade association, UK Finance. UK Finance will represent over 300 firms in the UK providing credit, banking, markets and payment-related services. Its members offer a wide range of financial and advisory services across both mutual […]
Read MoreUK Cards Association publishes new guide for digital wallet providers
MALG member the UK Cards Association has published a new guide for digital wallet providers Digital wallets, where a traditional debit or credit card account is loaded onto an electronic device, have grown in use in the UK in recent years. The new guide provides a practical manual for potential new entrants, setting out the conventions and behaviours of the card payment […]
Read MoreBank of England publishes latest Financial Stability report
The Bank of England publishes its Financial Stability report twice a year via the Financial Policy Committee (FPC), which has assessed the overall risk from the domestic environment to be at a standard level in June 2017 The Executive Summary reads: As is often the case in a standard environment, there are pockets of risk […]
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