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30 November, 2012

Birmingham City Council v Ashton

[2012] EWCA Civ 1557

29 November, 2012

Government to change law to allow restrictions to be imposed on interest rates for ‘payday loans’

Ministers are to amend the Financial Services Bill to give the planned Financial Conduct Authority the power to limit charges, reports bbc.co.uk.

29 November, 2012

Individual voluntary arrangement outcome statistics

The Insolvency Service publishes statistics showing the number and percentage of Individual Voluntary Arrangements that have been registered in each year since 1990, and that have since completed, failed or are still ongoing.

29 November, 2012

National Landlords Association warning on housing benefit changes

Landlords concerned that people won’t pay rent or the top up and arrears will develop, reports PoliticsHome.

26 November, 2012

Debt problems with payday loans more than doubles in one year, says Citizens Advice

Charity is calling on people who have taken out pay day loans to take part in a national survey to monitor whether payday lenders are sticking to their self-regulating charter.

22 November, 2012

People unintentionally homeless in Scotland to have right to settled accommodation

Scotland's 2012 homelessness commitment will be met and in force from 31 December following Parliamentary approval for changes in the law.

21 November, 2012

Reaction to publication of Office of Fair Trading compliance review of payday lending

Leading organisations issue responses to Office of Fair Trading formal investigation of payday lenders.

20 November, 2012

London Borough of Hounslow v Cumar

[2012] EWCA Civ 1426

20 November, 2012

Office of Fair Trading warns payday lenders

Formal investigations opened into several payday lenders over aggressive debt collection practices.

14 November, 2012

60 per cent increase in the number of children and pregnant women living in B&Bs

New report published by National Housing Federation also shows that over a third of families with children living in B&Bs had been there longer than the government’s six-week limit.

13 November, 2012

5 million British adults considering taking out a payday loan in the next six months

R3 publishes figures that show that 13 per cent of adults have prioritised paying back payday loans over essentials such as food.

13 November, 2012

Welsh mortgage guarantee scheme begins in spring 2013

New three and a half year scheme will see the Welsh Government and house builders act as guarantors so that buyers can secure high loan to value mortgages that would not otherwise be available to them.

8 November, 2012

Repossessions fall in third quarter and arrears remain stable

Council of Mortgage Lenders publishes figures that show a total of 8,200 properties were taken into possession in the third quarter, down from 8,500 in the second quarter and 9,600 at the same time last year.

5 November, 2012

Half the people paying for a debt management plan are not aware of the free alternatives

Research published by Lloyds Banking Group and Money Advice Trust shows that debt management plans set up by fee-charging companies were more likely to fail as arrangements where no fee is involved.

2 November, 2012

Qualification for money advisers in Scotland

Money Advice Scotland and Institute of Money Advisers have announced that they will be working together with Staffordshire University to adapt the IMA Certificate of Money Advice Practice qualification to cover Scottish law and practice and make it available to Scottish money advisers in 2012.

2 November, 2012

Number of bankruptcies down on same quarter last year whilst debt relief orders increase

New Insolvency Service statistics for third quarter of 2012 in England and Wales show that number of debt relief orders higher than total bankruptcies for the first time.

31 October, 2012

Government confirms continuing support for the Money Advice Service

Commercial Secretary to the Treasury, Lord Sassoon, responds to written question in the House of Lords.

29 October, 2012

One in five UK workers paid less than the Living Wage

New KPMG report shows that almost 5 million people are paid less than the amount required to afford a basic standard of living.

26 October, 2012

Reaction to publication of final rules under Mortgage Market Review

Leading organisations issue responses to new Financial Services Authority mortgage rules.