FCA 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, […]
Read MoreResolution Foundation report finds that household energy debt has tripled in the last decade
A new report from Resolution Foundation finds that the number of customers falling behind on their electricity bills with no repayment plan in place has more than tripled from 300,000 in 2012 to over one million at the end of 2024, with the number of customers falling behind on their gas bill also tripling from […]
Read MoreBob’s Blog: MALG Update September 2025
Hello to all our Members and Associates, In this edition of Bob’s Blog: Conference TWO MONTHS TODAY! CEO Retirement New Board Members National Members Virtual Meeting 2 October Latest Podcast Episodes New Members Members Friday Forum Regional Meetings Latest Money Advice/Debt Sector News Conference TWO MONTHS TODAY! Theme: Evolving Together – The Changing Landscape of Debt […]
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