28 October, 2015
27 October, 2015
Citizens Advice highlights that the company agreed to pay compensation following a review by the Financial Conduct Authority which found that it gave loans to borrowers who in some cases could not afford to repay.
23 October, 2015
New regulations that amend the Insolvency Proceedings (Fees) Order 2004 including increasing the deposit payable on presentation of a petition to the court for the winding up of a company and on presentation to the court of a petition by a creditor for individual bankruptcy.
22 October, 2015
Investigation by the Competition Markets Authority finds that banks do not work hard enough to compete for customers, and recommends that they must address long-term problems and make it easier for customers to take charge of their accounts.
15 October, 2015
New report from Citizens Advice reveals almost half of the adult population – over 23 million people – would have taken money advice at different key moments of their lives if they had been offered it.
12 October, 2015
HM Treasury and Financial Conduct Authority joint consultation seeks views on what can be done to 'radically improve' customers’ access to financial advice.
8 October, 2015
5 October, 2015
Chair of the Scottish Working Group on Funeral Poverty, working with Citizens Advice Scotland, asked to look at ways of relieving the financial burden and debt that bereaved relatives and friends face when organising a funeral in Scotland.
1 October, 2015
New regulations that amend the Insolvency Act 1986 by introducing a new regime for the full and partial authorisation of insolvency practitioners, and repeal provisions which provide for a competent authority to grant, refuse or withdraw authorisation to act as an insolvency practitioner and for authorisations of nominees and supervisors in relation to voluntary arrangements.
29 September, 2015
New report - Held back by Debt - shows that people who were self-employed, on zero-hours contracts or on fixed-term contracts were twice as likely to experience a change in economic circumstances in the last year as those in more traditional, permanent jobs, and that these ‘income shocks’ need to be accompanied by more comprehensive and responsive safety nets to ensure that people can cope with life’s ups and downs.
24 September, 2015
New report also finds that government proposals to change existing loan terms will undermine trust and could prove unlawful and unenforceable if challenged.
24 September, 2015
New report highlights increase in inquiries over last year in context of 'exploding unsecured borrowing among young people which risks trapping a new generation in problem debt'.
9 September, 2015
Highlighting that the law remains unchanged since Victorian times, the Law Commission is seeking views on a list of provisional proposals including protecting borrowers from abrupt repossession, giving borrowers the right to end the logbook loan, and protecting private purchasers.
8 September, 2015
According to Citizens Advice, of those seeking further advice, 42 per cent wanted information about benefits and tax credits, 29 per cent about financial capability including help managing money, and 14 per cent about debt.
8 September, 2015
New research, commissioned by the TUC and Unison, also shows that people who took out pay day loans in 2014 spent, on average, 30 per cent of their income repaying them – up from 12 per cent in 2012 - and that in 2014 households with store cards spent 21 per cent of their income repaying them – up from 9 per cent in 2012.
4 September, 2015
New Citizens Advice research finds that, of the 3.3 million with an interest only mortgage, 934,000 have no plan for how to repay the capital.
27 August, 2015
New Money Advice Trust reports also highlights that council tax arrears, which account for the majority of bailiff use by local authorities, is one of the fastest growing debt types presented to National Debtline, with 24 per cent of callers in arrears in 2014, up from 14 per cent in 2007.
13 August, 2015
Measures include requiring online payday lenders to publish details of products on at least one comparison website and requiring online and high street payday lenders to provide existing customers with summary of cost of borrowing.
3 August, 2015
In addition, the government says that it will consult later in the year on how the current statutory arrangements for the provision of free and impartial financial guidance - including the Money Advice Service and Pension Wise - can be made more effective.
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