Lowell and Money Wellness research finds two thirds of social media debt advice is misleading
A joint study from credit management company Lowell and free debt advice provider Money Wellness has found that almost two-thirds (64.22%) of debt advice circulating on TikTok, Facebook, and Reddit is misleading, while an overwhelming 98.27% is unreliable. With over 10.1 million people in the UK currently over-indebted (FCA Credit & Loans survey), many turn […]
Read MoreBob’s Blog: MALG Update October 2025
Hello to all our Members and Associates, In this edition of Bob’s Blog: CEO Recruitment Podcast Episode 11: Urgent Need for BNPL Regulation East Anglia Steering Committee CPD Points Conference National Members Virtual Meeting 2 October New Members Members Friday Forum Regional Meetings Latest Money Advice/Debt Sector News CEO Recruitment There’s only a few days left to […]
Read MoreFCA consults on motor finance compensation scheme
The Financial Conduct Authority (FCA) is consulting on an industry-wide scheme to compensate motor finance customers who were treated unfairly between 2007 and 2024. Its extensive review, covering data from 32m agreements, found widespread failures to adequately disclose the existence and nature of commission and contractual ties between lenders and brokers. On 1 August 2025, […]
Read MoreEnforcement Conduct Board Vulnerability and Ability to Pay Standards Consultation
Enforcement Conduct Board (ECB), the independent oversight body for the debt enforcement sector in England and Wales, has opened a consultation on proposed new Standards addressing vulnerability and ability to pay. At their core, these draft Standards aim to do two things: improve the way that enforcement firms and agents identify and respond to vulnerable […]
Read MoreMoney Advice Liaison Group (MALG) opens search for new CEO
Following his LinkedIn announcement that he will be retiring at the end of March 2026, exactly ten years after taking on the role, Money Advice Liaison Group (MALG) has opened its search for a replacement for its CEO Bob Winnington. The remote, flexible role is four days per week and MALG is seeking a visionary, […]
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