LATEST

15 Mar 2022 | Posted In Debt / Money Advice Sector News

One in 12 people turned to Buy Now Pay Later (BNPL) to cover basic costs – such as food and toiletries – in the last six months, Citizens Advice has found. The charity discovered young people, those in debt and those claiming Universal Credit, are at least twice as likely to have used BNPL for […]

11 Mar 2022 | Posted In Debt / Money Advice Sector 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 […]

09 Mar 2022 | Posted In 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 – […]

02 Mar 2022 | Posted In Debt / Money Advice Sector 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 […]

16 Feb 2022 | Posted In Debt / Money Advice Sector 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 […]