Government confirms new statutory Breathing Space scheme will go live on 4 May 2021
The Government has published draft regulations titled The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020. The new Breathing Space scheme, originally outlined by Government in February 2020 following campaigning from the debt advice and wider sector, will go live on 4 May 2021. The 60-day breathing space […]
Read MoreFCA announces proposals to further support motor finance and high cost credit customers
The FCA has today announced proposals which would provide continued support for users of motor finance and high cost credit products, who continue to face payment difficulties due to coronavirus (Covid-19). The proposals outline the options firms will provide motor finance, buy-now pay-later (BNPL), rent-to-own (RTO) and pawnbroking customers who are coming to the end of […]
Read MoreFairness in government debt management: Cabinet Office call for evidence
The Cabinet Office has published ‘Fairness in Debt Management: a call for evidence’. It is calling for evidence on: Where and how central and local government organisation debt management practices can be improved. How central and local government organisations can most effectively manage debts stemming from fraudulent activity. It closes on 21 September 2020 and […]
Read MoreMoney Advice charities call for council tax reform ahead of August debt D-Day
The UK’s three largest debt charities – Citizens Advice, Money Advice Trust and Stepchange – have written to the Local Government Minister to call for urgent action on council tax. The charities are urging the government to implement simple measures that could protect millions of people from the prospect of spiralling council tax debt Following […]
Read MoreFCA announces proposals to further support consumer credit customers
The FCA has today announced proposals which would provide continued support for users of certain consumer credit products, who are facing a financial impact because of the exceptional circumstances arising from coronavirus. The proposals outline the support firms would be expected to provide credit card and other revolving credit (store card and catalogue credit) and […]
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