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Debt news

19 June, 2019

Government announces introduction of 60 day ‘breathing space’ for people with problem debt

Scheme, to be introduced in 2021, will freeze interest payments and halt enforcement action, with further protections for those receiving NHS treatment for mental health crisis

12 June, 2019

FCA publishes final rules on Buy Now Pay Later products

New rules will stop loan firms from charging backdated interest on sums repaid during initial offer period.

7 June, 2019

FCA announces measures to provide greater protection for consumers using overdrafts

Banning fixed charges and higher pricing of unarranged overdrafts among rules to be introduced from April 2020

5 June, 2019

31 May, 2019

Bailiffs' trade association to cease involvement in adjudicating complaints about members from 1 June 2019

Withdrawal of CIVEA from adjudication process means that all complaints will go direct to Local Government and Social Care Ombudsman

30 May, 2019

Post-18 education review recommends extending student loan repayment period from 30 to 40 years

Independent Panel chaired by Philip Augar also recommends freezing earnings threshold for starting repayments

28 May, 2019

Scottish Government launches consultation on using Debt Arrangement Scheme fees to help fund free advice sector

Proposed measure forms part of wider programme to remodel delivery of the Scheme

15 May, 2019

13 May, 2019

7 May, 2019

3 May, 2019

1 May, 2019

26 April, 2019

24 April, 2019

11 April, 2019

11 April, 2019

9 April, 2019

8 April, 2019

3 April, 2019