FCA confirms support for motor finance and high-cost credit customers
The FCA will be introducing the package of measures outlined last week (see here) to support consumer credit customers facing payment difficulties due to coronavirus (Covid-19). The targeted temporary measures being implemented are a three month payment freeze for motor finance, buy-now pay-later (BNPL), rent-to-own (RTO) and pawnbroking agreements. For high-cost short term credit (including […]
Read MoreMALG shares details of how money advisers can get hold of credit reports during Coronavirus crisis
One of the questions raised by money advisers during MALG’s most recent virtual ‘Members Friday Forum’, which was set up to help those from across a range of sectors continue ‘working together to improve the lives of people in debt’ during the Coronavirus crisis, was how advisers can get hold of client credit reports during […]
Read MoreInquiry into the impact of Covid-19 (Coronavirus) on homelessness and the private rented sector launched
The Government’s Housing, Communities and Local Government (HCLG) Committee has launched an inquiry into the Impact of Covid-19 (Coronavirus) on homelessness and the private rented sector. It will consider both the immediate and long-term impact that the COVID-19 pandemic is having on the homeless, rough sleepers and those in the private rented sector. The Committee […]
Read MoreRegistry Trust publishes summary of Q1 2020 data on monetary judgments in the UK
Registry Trust, the organisation that maintains the register of Judgments, Orders and Fines for England & Wales, Scotland, Northern Ireland, ROI, IOM and Jersey, has published a summary of its Q1 2020 data on monetary judgments. The data shows that there has been a 4-year low in judgments against consumers in England & Wales. December usually sees […]
Read MoreInsolvency Service publishes Coronavirus (COVID-19) Guidance for the Straightforward Consumer IVA Protocol
The Government’s Insolvency Service has published guidance which should be read in conjunction with the Straightforward Consumer IVA Protocol from 20 April 2020 in response to the Coronavirus crisis. The IVA Standing Committee recognises that the COVID-19 pandemic may have a direct impact on a consumer’s circumstances and that it may not be possible for […]
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