Other areas of social welfare law

Debt

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1 October

Bankruptcy and Debt Advice (Scotland) Act 2014 (Commencement No. 2, Savings and Transitionals) Order

New statutory instrument brings into force the Bankruptcy and Debt Advice (Scotland) Act 2014 from 1st April 2015 insofar as it is not already in force (except for section 27 in relation to section 17G(7) of the Bankruptcy Act 1985), and makes a number of saving and transitional provisions.

01 October, 2014

30 September

Payday loan companies ‘slow to improve practices’, says Citizens Advice

Findings of online payday loan tracker survey include that only one in five people struggling to repay a payday loan had the interest frozen and only a quarter thought the lender treated them sympathetically,

30 September, 2014

25 September

Legal Aid Statistics for 2013/2014

New Ministry of Justice statistics include that total of legal help matters started and civil representation certificates granted was 32 in employment cases, 2,584 in debt cases, 3,877 in community care cases and 55,943 in housing cases.

25 September, 2014

23 September

Ofgem to review energy companies’ communications with customers in debt

Review instigated following BBC exposure of companies sending letters purporting to be from debt recovery organisations.

23 September, 2014

22 September

Debt management firms must ‘raise their game’, says Financial Conduct Authority

Authority warns that firms must demonstrate that they provide appropriate advice, do not charge unfair fees, and have adequate processes for handling client money when assessments for consumer credit authorisation start next month.

22 September, 2014

15 September

75 per cent of parents would like payday loan companies to be banned from advertising to children

Finding of Children's Society survey as new report calls for restrictions on loan advertising to join those already in place to protect children from adverts for gambling, alcohol, tobacco and junk food.

15 September, 2014

5 September

Consumer Credit amending regulations

In force from 26 September 2014, new regulations that amend the Consumer Credit (Information Requirements and Duration of Licences and Charges) Regulations 2007 and prescribe information and forms of wording which must be included in certain statements and notices which creditors and owners are required to give to debtors and hirers under the Consumer Credit Act 1974.

05 September, 2014

4 September

ABCUL publishes response to Treasury consultation on future of credit union movement

Response sets out 'Blueprint for Development' based on enabling legislation and proportionate regulation; sound governance and strong management; sustainable business models, products and services; and appropriate investment.

04 September, 2014

27 August

The Real Deal: No credit and broke

New report from Citizens Advice Scotland which finds that consumers can experience significant detriment and hardship caused by the (often unintentional) use of a credit broker.

27 August, 2014

Bank of Scotland plc v Rea, McGeady, Laverty

New judgment from the High Court in Northern Ireland (which may have application outside Northern Ireland) which considers whether a mortgage lender may both (a) consolidate arrears of monthly instalments with the mortgage balance upon which the instalments are calculated with the effect of increasing the contractual monthly instalments to spread those arrears over the residue of the mortgage term and also (b) rely on the arrears so consolidated as outstanding arrears for the purpose of possession proceedings.

27 August, 2014

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