2 April, 2014
1 April, 2014
New research from the FSA also highlights that 9m people are in serious debt and 1.8m in denial.
31 March, 2014
Service was not in a healthy state and, whilst some worthy attempts have been made to reform it, the jury remains out on whether it should be retained in its current form, says Chair of the Treasury Select Committee.
31 March, 2014
Payday loan customers who are struggling to repay their loan are not having the interest rate frozen, aren’t warned about the cost of extending the loan and aren’t being told about free debt advice, despite promises from lenders to do so.
25 March, 2014
Encouraging signs that new approaches of Financial Conduct Authority and Prudential Regulation Authority are 'gaining traction', says NAO Head Amyas Morse.
24 March, 2014
New statistics reveal 11 per cent drop in debt cases raised in Scotland in the financial year 2012-2013, compared to 2011-2012.
24 March, 2014
24 March, 2014
Changes for payday lenders and debt management companies include mandatory affordability checks for payday borrowers and requirement to provide information to customers on how to get free debt advice.
24 March, 2014
BBC reports on change from estimate of 40 per cent six months ago, with economics consultancy London Economics warning that 'tipping point' - where costs of new system of increased fees will exceed those of old one - would be reached if 48.6 per cent of loans were not repaid.
21 March, 2014
New regulations that bring into force, with one limited exception, Part 3 of the 2007 Act, which provides for the replacement of various powers of enforcement by way of execution and distraint by a procedure known as taking control of goods, and for the abolition of distress for rent and its replacement by a power (to be known as commercial rent arrears recovery, or CRAR) to use the taking control of goods procedure.
21 March, 2014
New legislation will help introduce a ‘Financial Health Service’ for Scotland, providing a modern system of debt advice and debt management.
19 March, 2014
New statistics show that 33 per cent of self-employed people who came to Citizens Advice for help in last three months got advice on debt problems, the same proportion as those who are unemployed.
18 March, 2014
Funding designed to help achieve target of 143,000 members of credit unions in Wales by 2020.
14 March, 2014
New regulations relate to package of reforms designed to strengthen protection from rogue bailiffs while at the same time making sure that debts can be collected fairly.
12 March, 2014
Chair of Financial Conduct Authority tells BBC that Authority will take action to stop profits from vulnerable people, cap cost of loans and stop lending to those who will never be able to repay.
7 March, 2014
Company's 'initial customers' will include DWP, HMRC, the Home Office, the Student Loans Company, the Legal Aid Agency and the Driver and Vehicle Licensing Agency.
5 March, 2014
Micro Lend UK Limited's licence suspended after OFT concludes that this is 'urgently necessary to protect consumers'.
4 March, 2014
Seven payday loan adverts, from six different payday lenders and credit brokers, flagged with the regulator for concerns about irresponsible or misleading practices.
3 March, 2014
MAT says that it 'believes the transfer of regulatory control to the Financial Conduct Authority will provide a boost for consumer protections, and especially welcome rules that require customers with high-cost credit in clear financial difficulty to be referred to free debt advice services'.
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