UK commits to reform of the Consumer Credit Act
Plans to modernise consumer credit laws to cut costs for businesses and simplify rules for consumers have been announced by the government. UK government commits to reform the Consumer Credit Act – which regulates all credit card purchases and personal loans Plans to modernise the act will cut costs for businesses and simplify rules for […]
Read MoreFCA tells lenders to support consumers struggling with the cost of living
The Financial Conduct Authority (FCA) has written to more than 3,500 lenders to remind them of the standards they should meet as consumers across the country are affected by the rising cost of living. With household bills expected to continue to rise into the autumn, it is important that firms act now to make sure […]
Read MoreCost of living pressures continue to drive new clients to StepChange for debt advice
New data from StepChange Debt Charity shows that the cost of living was the second most commonly cited reason for debt in April 2022, up from the third most common in March 2022 and the sixth most common in 2021. The proportion of clients citing the cost of living as a driver of their problem […]
Read MoreBob’s Blog: MALG Conference 2022 online delegate bookings open NOW!
Hello to all our valued members and subscribers! The extended Jubilee Bank Holiday weekend is fast approaching so we wanted to update you on a few things before the celebrations begin… MALG Conference 2022 – book your place NOW! The MALG Conference 2022 is taking place on 3 November at the Birmingham Repertory Theatre and we are now taking delegate […]
Read MoreStatutory Debt Repayment Plan (SDRP) Consultation opens
The government is consulting on draft regulations to introduce a new statutory debt solution known as the statutory debt repayment plan (SDRP). The SDRP will be focus on repayment of debt, rather than debt relief, addressing a gap in the debt solution landscape. The SDRP will include a broad range of debts, including debts owed […]
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