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10 April, 2013

Outstanding personal debt stood at £1.424 trillion at end of February 2013

New Credit Action UK debt statistics show increase from £1.408 trillion at end of February 2012.

9 April, 2013

Payday lenders must address widespread failings, says StepChange

Debt charity highlights rising balances, multiple payday debts, misuse of Continuous Payment Authority and aggressive collection practices.

8 April, 2013

Labour Party says it would give councils power to ban payday lenders

One of five key policy pledges announced by Ed Miliband in lead up to local elections.

8 April, 2013

Ban on excessive debit or credit card charges begins

Under the new rules, traders will be expected to make sure that any payment surcharges are representative of the actual processing cost involved, says Department for Business, Innovation and Skills.

3 April, 2013

Glatt & Ors v Sinclai

[2013] EWCA Civ 241

28 March, 2013

Number of ‘financially vulnerable’ households has trebled since 2007

Study also shows that less than one in ten households consider themselves financially secure.

28 March, 2013

4 out of 10 families cut back on food to stay in their homes

Shelter’s YouGov poll of 4,000 people also found that more than one in four (27%) had cut back on gas and electricity bills to help meet their rent or mortgage costs.

20 March, 2013

OFT revokes licence of payday lender

MCO Capital Limited found to have failed to put in place adequate identity checks for loan applicants and to have engaged in unfair business practices by writing to people who it was aware may not have taken out loans, asking unequivocally for repayment.

12 March, 2013

Household debt rises during three months in 2012

New figures from Credit Action show growth in borrowing for first time since January 2010.

6 March, 2013

‘Toxic payday lenders should be banned from trading immediately’, says Citizens Advice

Response to today's Office of Fair Trading report into payday loan industry.

6 March, 2013

Office of Fair Trading (OFT) gives 50 payday lenders 12 weeks to change practices or lose licenses

In addition, OFT proposes to refer the payday lending market to the Competition Commission after finding evidence of problems in how lenders compete.

27 February, 2013

Regulation of private landlords needed to help prevent homelessness

Homeless Link sets out measures to prevent and tackle homelessness, including a new system that regulates private landlords to guarantee minimum quality standards, increase security and length of tenure, and safeguard against excessive rents.

27 February, 2013

94 per cent rise in payday loan debt calls to National Debtline

Money Advice Trust reports its National Debtline service took over 20,000 calls for help with payday loans in 2012.

20 February, 2013

Smeaton v Equifax Plc

[2013] EWCA Civ 108

18 February, 2013

Use of bed and breakfasts to house homeless families has risen by 800 per cent

Guardian reports on freedom of information requests by Labour to 325 councils that shows that 125 had resorted to placing destitute families in hotel rooms for six weeks or more since April 2010.

15 February, 2013

Citizens Advice reports four payday lenders to Office of Fair Trading

Charity calls for new powers to be used to suspend licences and stop companies operating immediately.

14 February, 2013

3.6 million people forced to continue living with partner because they can’t afford to live apart

New research published by Shelter also shows that two million couples in Britain have moved in together too soon because they can’t afford to live separately.

14 February, 2013

Lowest number of repossessions since 2007

New Council of Mortgage Lenders figures also show that the stock of properties in possession held by lenders at the end of 2012 was also at its lowest for over five years.

13 February, 2013

Squeezed Britain 2013

New Resolution Foundation report shows that it may take another decade before Britain’s low to middle income families can expect to see their living standards return to pre-recession levels.