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28 September, 2011

Keeping on top of rogue debt management companies ‘like weeding bad patch of grass’

Money Advice Trust comments on news that OFT has closed down 40 per cent of fee-charging debt management companies investigated last year.

22 September, 2011

Link between income inequality and health and social problems

New Joseph Rowntree Foundation report examines who might be most affected by income inequality and other possible impacts.

21 September, 2011

Money Advice Trust reports steep rise in calls from people with water debts

Charity responds to Consumer Council for Water report which highlights a decrease in number of complaints to water companies.

19 September, 2011

New Consumer Credit Counselling Service report ‘Debt and Household Incomes’

First report in series of three published which examines the impact of debt and changing economic conditions on financially vulnerable households in the UK.

19 September, 2011

New Consumer Bill of Rights

New Bill will bring together consumer law found in 12 Acts or regulations and the European Consumer Rights Directive to strengthen consumer rights.

16 September, 2011

Tougher action needed on fee charging debt management companies

Citizens Advice responds to Office of Fair Trading’s consultation on debt management and credit repair services guidance.

15 September, 2011

Money Advice Trust warns of ’havoc’ of unemployment

New research suggests that one in eight people sacked or made redundant will experience ‘severe’ debt problems.

14 September, 2011

Office of Fair Trading warns consumer credit businesses to communicate clearly and fairly

OFT reinforces the need for licensed debt collection agencies to comply with relevant guidance following Tribunal's decision to revoke consumer credit licence of debt company.

12 September, 2011

Poor households experience higher inflation than rich

Institute for Fiscal Studies research shows that families have seen the biggest fall in living standards in 30 years.

7 September, 2011

Soaring cost of childcare is pushing the poorest out of work and children into poverty

Save the Children and Daycare Trust call on the government to increase the amount they plan to spend on childcare support under universal credit.

30 August, 2011

Citizens Advice responds to revision of OFT guidance on credit brokers and intermediaries

Revision of guidance welcomed although some sections, including banning cold calling altogether, do not go as far as charity would like.

17 August, 2011

Homelessness fears for almost three million renters

Research published by Consumer Credit Counselling Service shows that 2.9 million renters are in rent arrears or struggling to pay their rent.

11 August, 2011

Little change in mortgage repayment problems in second quarter of 2011

New Council of Mortgage Lenders figures also show number of repossessions in first half of year down by 7 per cent on last year.

3 August, 2011

Zinda v Bank of Scotland Plc

[2011] EWCA Civ 706

1 August, 2011

CML ‘disappointed’ at Scottish government decision affecting repossessions in Scotland

RBS v Wilson judgment has led to lenders needing to serve a calling up notice and wait two months before starting court proceedings for repossession.

27 July, 2011

6.2 million households financially vulnerable

Consumer Credit Counselling Service predicts significant increase in people seeking help with debt as more households fall into financial difficulty.

26 July, 2011

Concern about debt burden of low income households

Consumer Credit Counselling Service highlights that unsecured debt of those earning up to £13,500 a year is £12,870 which averages 199 per cent of their annual income.

25 July, 2011

Household Finance Index lowest for over 2 years

Report published by Markit shows that 38 per cent of households saw their finances deteriorate since the previous month.

21 July, 2011

Consumer Finance Association launches new code of practice for pay day lenders

Customer commitments include, seeking to establish that customers can afford repayments, and making sure applicants are shown total cost of repayment clearly and prominently before they apply for a loan.