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
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.
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
New report from Riverside highlights that tenants in the lowest income group have taken on more debts to cover sudden and unforeseen changes in benefit entitlement and the deepening impact of the bedroom tax.
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.
Our webtools:
