7 November, 2014
6 November, 2014
Authority says that, following a consultation on the issue, it continues to have concerns about the effectiveness of competition in the personal current account and small and medium-sized enterprise banking sectors and has decided to make a market investigation reference.
5 November, 2014
Commission will publish report by February 2015 that will take stock of the extent of financial exclusion and the scope and effectiveness of current interventions to promote inclusion; review the changing context of technology, squeezed budgets, and welfare reform; seek to raise the awareness of the issue of financial exclusion; and identify calls for action for policymakers, regulators and the financial services industry to support the UK in becoming a more financially inclusive society.
23 October, 2014
New official statistics for second quarter of 2014/2015 also show that awards for bankruptcy down by 3.9 per cent on last year.
23 October, 2014
New amending regulations which provide that persons undertaking Trailblazer Apprenticeships are to have the same national minimum wage entitlements as persons working under contracts of apprenticeship or apprenticeship agreements.
20 October, 2014
One of key points in response to Insolvency Service call for evidence on debt relief orders and the bankruptcy petition.
16 October, 2014
16 October, 2014
New Standard Financial Statement, which the Money Advice Service has developed with Citizens Advice, Money Advice Trust and StepChange, has a set of expenditure categories that group items to reflect people’s spending patterns and the way that today’s households apportion their money with four of the categories supported by guidelines (or trigger figures) that indicate reasonable spending levels based on the number of adults and children in a household.
16 October, 2014
New figures from Citizens Advice show that clients aged 17 to 24 make up 10 per cent of its serious debt cases but over 15 per cent of its cases where debt has been caused by taking out a high-cost loan.
10 October, 2014
[2014] EWCA Civ 1297
10 October, 2014
New report from the Competition and Markets Authority highlights four important ways that consumer bodies can tackle problem debt: supporting financial capability, providing early debt advice, undertaking further consumer behaviour research, and pursuing enforcement and compliance.
10 October, 2014
New report from Citizens Advice highlights that struggling to make ends meet can lead to people feeling stressed, depressed and anxious, and that for some people with mental health conditions, their diagnosis may lead to behaviour which means they are more likely to get into debt.
9 October, 2014
Measures, developed in light of the Financial Conduct Authority’s July 2014 price cap proposals, include encouraging the development of a high quality price comparison sector for payday loans.
8 October, 2014
The ASA has ruled that a payday loan advert from Wonga should not appear again in its current form after Citizens Advice raised concerns that the advert did not show the Representative Annual Percentage Rate (RAPR) when it said 'you can even pay back early and save money'.
8 October, 2014
New report from StepChange finds that problem debt costs the UK £8.3bn through the damage it causes to family life, mental and physical health, productivity and employment prospects and costs to the welfare state, the NHS, local government and other agencies.
3 October, 2014
Legislation to be introduced in the Scottish Government’s forthcoming legislation programme that will mean councils will no longer have the ability to collect poll tax arrears, but will be compensated for outstanding amounts in line with current collection rates.
3 October, 2014
Scheme to be expanded to everyone in receipt of pension credit guarantee credit, including those also in receipt of pension credit guarantee credit with savings credit.
3 October, 2014
Exercise seeks views, ahead of 13 November deadline, on proposed changes for 2015/2016
2 October, 2014
Payday loan company sets out details of new affordability policy, developed in conjunction with Financial Conduct Authority, and 'forbearance' strategy for those who have existing loans that would not have been allowed under it.
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