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New Enforcement Conduct Board appoints Chair

11 Mar 2022 | Posted In Money advice news

Catherine Brown, the former Chief Executive of the Food Standards Agency and current Chair of environmental charity Hubbub, has been announced as the first Chair of the Enforcement Conduct Board. The Board is a new independent oversight body for the civil enforcement sector and will act to drive up standards, improve the effectiveness of enforcement […]

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Bob’s Blog: MALG Virtual Connect – not long to go!

09 Mar 2022 | Posted In Bob's Blog (MALG updates)

Hello to all our members and contacts! With so many challenges facing our clients and customers at this time, it is even more important for us to provide as many opportunities as possible for those from across the money advice and credit landscape to share information and discuss key topics. MALG Virtual Connect 2022 – […]

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Cost of living now in top 5 reasons for debt, reports StepChange Debt Charity

02 Mar 2022 | Posted In Money advice news

January saw the usual seasonal increase in people looking for debt advice, according to the latest client insights report from StepChange Debt Charity. The StepChange website was visited by 358,000 users in January, a 34% rise on December 2021. Between December and January, there was also a 7% increase in visits to the ‘emergency funding’ page (24,000 […]

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FCA drives changes to Buy Now Pay Later (BNPL) firms’ contract terms

16 Feb 2022 | Posted In Money advice news

Regulator the Financial Conduct Authority (FCA) has used the Consumer Rights Act 2015 to assess the fairness and transparency of the terms of four firms offering unregulated Buy Now Pay Later (BNPL) products and identified potential harm to consumers. This is in line with its strategy to act as an assertive regulator, by being proactive […]

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Money and Pensions Service confirms funding levels for commissioning of debt advice services across England

15 Feb 2022 | Posted In Money advice news

Money and Pensions Service (MaPS) yesterday provided much-anticipated confirmation of funding levels for commissioning of debt advice services across England. It reads: “In December 2021, we announced changes in the timeline for awarding the contracts for the National Services, Business Debt and DRO Hub Lots, and that we would be implementing short-term grants to protect […]

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