9 January, 2015
8 January, 2015
Nine banks are Barclays; the Co-operative Bank; HSBC; Lloyds Banking Group (including Halifax and Bank of Scotland brands); National Australia Group (including Clydesdale and Yorkshire brands); Nationwide; RBS Group (including NatWest and Ulster Bank brands); Santander; and TSB.
6 January, 2015
Response sets out 'the next steps that the government will take to create an environment in which the credit union sector can prosper'.
5 January, 2015
New estimate based on figures from January 2014 which saw a 27 per cent increase in the number of debt problems people came for help with, compared to December 2013.
23 December, 2014
ABCUL reports on the first 17 awards from the Lloyds Banking Group Credit Union Development Fund.
19 December, 2014
Annual report from Ofgem also shows that, in 2013, a total of 1.5 million customers were in debt on their electricity payments, and 1.4 million on gas payments – around one in every 17 customers, and a rise on 2012 - and, further, that 550 households had electricity cut off and 84 lost gas.
15 December, 2014
5 December, 2014
New bill introduced in Scotland that will remove liability to pay community charge debt and historic community water charge debt and, additionally, provides that surcharges, civil penalties and fees, and other financial outlays for community charge debt enforcement action will cease to be collectable.
3 December, 2014
New website provides links to a range of organisations offering information and advice on debt, managing money, housing, homelessness and ethical lending and has a Financial Education module which aims to help people to manage their money to stop any future problems.
1 December, 2014
New rules, to take effect from 2 January 2015, will ban credit brokers from charging fees, and from requesting payment details for that purpose, unless they comply with new requirements ensuring that customers are given clear information about who they are dealing with, what fee will be payable, and when and how the fee will be payable.
1 December, 2014
Letters highlight Committee's concern that terms of reference for independent review of Service do not include whether it should continue to exist.
21 November, 2014
New safeguards include a guaranteed visit to debtors, a new specialist unit for vulnerable cases, allowing an appeal process to the County Court, and putting a hold on debtors' accounts and giving 30 days to arrange payment of the debt before any money is taken.
13 November, 2014
Alan Milburn, Chair of the Social Mobility and Child Poverty Commission who produced the report, says research is 'a powerful argument for Britain to become a Living Wage country'.
11 November, 2014
New rules will mean that no borrower will ever pay back more than twice what they borrowed, and someone taking out a loan for 30 days and repaying on time will not pay more than £24 in fees and charges per £100 borrowed.
7 November, 2014
New regulations that make provision about the method for determining an appropriate amount of a living debtor’s income to be paid to a trustee after sequestration of the debtor’s estate, known as the 'common financial tool' in the Bankruptcy (Scotland) Act 1985, as amended by the Bankruptcy and Debt Advice (Scotland) Act 2014.
7 November, 2014
New regulations that make provision in consequence of the Bankruptcy and Debt Advice (Scotland) Act 2014 to introduce debtor contribution orders in place of existing arrangements for income payment orders and agreements, and alter existing arrangements for discharge of a debtor who has been sequestrated.
7 November, 2014
New amending regulations that introduce the possibility of using the Debt Arrangement Scheme in relation to legal persons and other entities, in connection in particular with businesses, and make amendments in respect of money advisers, including provision on who can apply to be a money adviser for a legal person or other entity and in relation to the functions and duties of money advisers.
7 November, 2014
New regulations that make provision about various matters to implement provisions of the Bankruptcy and Debt Advice (Scotland) Act 2014 which amended the Bankruptcy (Scotland) Act 1985 including who can act as money advisers in relation to sequestration under the 1985 Act.
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.
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