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 MoreBob’s Blog: Widening participation in MALG
It has been great to see so many Money Advice Liaison Group (MALG) Members across the country over the past few weeks. My ‘regional tour’ started in Birmingham at the end of February when the Midlands Forum was curtailed as a result of Storm Doris! The weather in Glasgow was kinder for my visit to […]
Read MoreMALG Executive Officer interview in UKAR Arena magazine
The Money Advice Liaison Group’s (MALG) Executive Officer Bob Winnington has been interviewed for an article in UKAR’s Arena magazine. The article entitled ‘MALG – 30 years of working together to improve the lives of people in debt’ summarises the changes that Bob and the team are making to bring a renewed focus to the […]
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 More