Insolvency Service research shows concerning level of poor practice in the IVA market
Latest research commissioned by the Insolvency Service has shown evidence of poor practice among providers of Individual Voluntary Arrangements. Individual Voluntary Arrangements (IVAs) are a legally binding agreement between a person who is insolvent and their creditors. They are administered by licensed Insolvency Practitioners, usually last for between five and six years, and give people […]
Read MoreGovernment launches consultation on bringing Buy-Now Pay-Later companies under supervision of FCA
Buy-Now, Pay-Later products have become increasingly popular in recent years as they allow people to spread the cost of purchases over time, but users currently do not have access to a range of key protections provided by other consumer credit products. The Government has launched a consultation on proposals to fix this by bringing Buy-Now, […]
Read MoreBob’s Blog: MALG Update October 2024
Hello to all our Members and Associates! In this issue of Bob’s Blog: MALG Conference 2024 – ONE WEEK LEFT TO BOOK! MALG National Members Meetings MALG Friday Forum New MALG Members MALG Regional Meetings Latest money advice/debt sector news MALG Conference 2024 – ONE WEEK LEFT TO BOOK! The MALG Conference 2024 is now just […]
Read MoreMoney and Pensions Service publishes summary of responses and next steps from consultation on the delivery of its debt advice strategy
Money and Pensions Service (MaPS) has published a summary of responses and its planned next steps following the consultation on the delivery of its debt advice strategy. In 2021/22 MaPS undertook a major commissioning exercise for debt advice. Following this exercise MaPS committed to carrying out a public consultation in order to help shape its […]
Read MoreMoney Advice Trust renews calls for urgent debt help following latest energy price cap increase
In response to the latest figures from Ofgem showing energy debt levels have been broken records again, with £3.69bn now owed, Money Advice Trust is renewing its calling for urgent help for households facing unaffordable energy debts. The figures were released ahead of the latest energy price cap increase, which came into effect on 1st […]
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