New financial services trade body to be named UK Finance
The new financial services trade association, which will be formed as the result of merging the Council of Mortgage Lenders (CML), the British Bankers’ Association (BBA), the Asset Based Finance Association (ABFA), Financial Fraud Action UK, Payments UK and the UK Cards Association, will be named UK Finance. UK Finance will officially launch in summer […]
Read MoreLords Financial Exclusion Committee says high cost credit products must be tackled to avoid ‘poverty premium’
The Lords Financial Exclusion Committee has published a report highlighting how regulation has been successful in battling abusive practices by payday loan companies but says that banks are failing the customers who need them the most, leaving the poorest to rely on expensive products. It recommends that controls on “rent to own” products and other […]
Read MoreMALG Chair launches new research on customer vulnerability and debt collection
MALG Chair Liz Barclay this morning launched the Finance & Leasing Association and The UK Cards Association’s new publication: ‘Vulnerability; a guide for debt collection – 21 questions, 21 steps’. Both trade associations and a number of other MALG members including the Credit Services Association and the Money Advice Trust, worked in partnership with the […]
Read MoreMALG members launch joint ‘Taking Control’ campaign for bailiff reform
Money Advice Liaison Group members The Money Advice Trust, AdviceUK, Christian’s Against Poverty, Citizens Advice and StepChange have launched a new campaign for bailiff reform called ‘Taking Control’. Despite the April 2014 reforms, debt advice charities continue to receive reports of widespread problems with the behaviour of bailiffs and bailiff firms. The ‘Taking Control’ report […]
Read MoreChristians Against Poverty launches new accessible and holistic financial education service
Christians Against Poverty (CAP) has launched a new service, CAP Life Skills. This complements its current debt management work by helping build financial capability through a holistic eight-week course run as a weekly community group meeting. Statistics show that 57% of British people do not track their spending, only 41% of the population are saving and […]
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