10 July, 2014
8 July, 2014
Figures showing record number of complaints are likely to be 'only the tip of the iceberg', says Ombudsman.
4 July, 2014
Views invited by 2 September 2014 relating to the role played by the Money Advice Service in meeting changing consumer needs for information, education and advice on financial matters, and to make recommendations to improve the efficiency and effectiveness of current arrangements.
2 July, 2014
Financial Conduct Authority sets out rules from 1 July 2014, including limits on 'rollovers' and recovery by continuous payment authority.
25 June, 2014
Call for evidence seeks 'well-informed views about how the government can do more to support the development of the credit union movement in Great Britain'.
25 June, 2014
Payday loan company agrees on compensation after Financial Conduct Authority finds it had sent debt collection letters from non-existent law firms and, in some cases, charged customers administration fees for costs of letters.
18 June, 2014
18 June, 2014
New statutory instrument commences provisions for making regulations, orders or rules of court, amendments to the Debt Arrangement Scheme about non–natural persons, remuneration of office-holders and repeals to the Bankruptcy (Scotland) Act 1985. It also brings into force section 44 of the 2014 Act (representation of the Accountant in Bankruptcy in the Sheriff Court).
18 June, 2014
New statutory instrument brings into force provisions aligning debtor applications for sequestration with creditor petitions for sequestration by increasing the minimum debt limit from £1500 to £3,000 in Scotland.
13 June, 2014
Report by the Public Policy Institute for Wales on the levels of over-indebtedness in Wales reveals that 16 per cent, or 400,000 people, are in too much debt.
11 June, 2014
According to provisional findings, published today, a typical customer could save between £30 and £60 per year if the market were more competitive.
10 June, 2014
'The gradual erosion of some families’ surplus income in the face of rising prices has led to a new generation of debt problems – one to which more people are vulnerable, one which is harder to resolve, and one which has no definitive solution', says Joanna Elson, Chief Executive of the Money Advice Trust.
30 May, 2014
'Tax credits are there to make sure people get a decent standard of income, but the sharp rise in debts from overpaid tax credits suggests this policy is having the opposite effect', says Chief Executive Gillian Guy.
30 May, 2014
However, overall complaints have doubled, according to Financial Ombudsman Service's 2013/2014 Annual Review.
23 May, 2014
New report from University of Bristol and Joseph Rowntree Foundation seeks to 'unpick the research evidence to provide an over-view of the extent to which problem debt and consumer credit use cause poverty; and the extent to which poverty results in problem debt and consumer credit use'.
22 May, 2014
New insolvency statistics also show that bankruptcies are down 15 per cent and debt relief orders are down 9.3 per cent over the same period.
21 May, 2014
New research also highlights that £5.5bn of financial help for pensioners goes unclaimed each year.
21 May, 2014
Modelling by Resolution Foundation finds that around 770,000 households are at risk of being 'mortgage prisoners' due to a limited ability to switch to better mortgage deals and at risk of payments being at least one third of disposable income by 2018.
8 May, 2014
New report, backed by Archbishop of York, says that 2.5m children live with families who are £4.8bn behind on household bills and loan repayments, leading to anxiety, bullying and going without essentials.
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