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7 December, 2011

3.5 million adults considering taking out payday loan over next six months

New research by R3 shows that of those sampled who had taken a payday loan, 60 per cent regret the decision and 48 per cent believe the loan has made their financial situation worse.

5 December, 2011

One in four households face fuel poverty

New figures provided to Consumer Focus show that fuel poverty has risen from a fifth of homes last year, reports guardian.co.uk.

1 December, 2011

Early debt advice can prevent evictions

New report published by Financial Inclusion Centre is designed to help housing associations calculate the value of debt advice in terms of reducing rent arrears.

30 November, 2011

Reaction to ‘Autumn Statement 2011’

Leading organisations issue responses to publication of government's Autumn Statement.

29 November, 2011

Citizens Advice responds to Hills Fuel Poverty Review - Interim Report

Charity highlights importance of maintaining definition of fuel poverty that takes into account not only income and fuel prices, but also the physical condition of people’s homes.

25 November, 2011

Regulation of credit unions in Northern Ireland from 31 March 2012

New legislation issued in relation to Northern Ireland credit unions being brought under the regulatory regime contained in the Financial Services and Markets Act 2000.

24 November, 2011

Fifth of English councils likely to reject council tax freeze

New research from the Local Government Chronicle also highlights that many others said a freeze will lead to higher council tax increases in 2013/2014.

24 November, 2011

21 November, 2011

New measures to make charges for unarranged overdrafts clearer, fairer and more manageable

Department for Business, Innovation and Skills and HM Treasury publish their response to the consumer credit elements of the government’s Review of Consumer Credit and Personal Insolvency.

21 November, 2011

Jules v Robertson

[2011] EWCA Civ 1322

18 November, 2011

Improved access to bank accounts for undischarged bankrupts

Government launches consultation to gain information about number of people affected, which will help inform whether or not formal intervention is needed to improve access to accounts.

17 November, 2011

Shelter Cymru says home repossession help has risen by 300 per cent

Significant increase in past three years in proportion of people across Wales building up mortgage arrears, reports bbc.co.uk.

17 November, 2011

Citizens Advice and Money Advice Trust warn against zero per cent payday loan deal

Loans, offered by a short-term lender, charge zero per cent interest for first eight days then 50p a day for every £100 borrowed until the loan is repaid which is equivalent to 448.3 per cent APR, reports guardian.co.uk.

16 November, 2011

Number of people with energy debts has risen by a quarter for electricity and a fifth for gas

Consumer Focus and Citizens Advice launch campaign to help people understand what to do if they fall behind with energy bills as number of people in debt to energy firms is likely to rise due to higher prices.

10 November, 2011

Insolvency provision in Northern Ireland

Three new statutory rules concerning insolvency fees and deposits.

8 November, 2011

New application system for bankruptcy and compulsory windings up

Government launches consultation which proposes that electronic applications can be made to an adjudicator, who would decide outcome, and courts would focus on dealing with disputes that require a judicial settlement.

7 November, 2011

Many UK households face prospect of insolvency unless they act to manage finances

Money Advice Trust responds to latest Insolvency Service statistics and warns that many insolvencies are avoidable if people seek free, impartial advice.

7 November, 2011

Extra funding to beat fuel poverty in Scotland

Scottish government announces extra £400,000 for Universal Home Insulation Scheme which offers interest free loans for insulation measures including renewables and boiler replacement to improve energy efficiency.

4 November, 2011

Personal insolvencies fall by 11 per cent on previous year

However, new statistics published by the Insolvency Service also show an increase in number company insolvencies.