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7 February, 2012

‘Precious Plastic 2012: All change please’

New PricewaterhouseCoopers report warns mainstream lenders that customers are being increasingly drawn towards 'smaller, more agile loan providers', reports guardian.co.uk.

7 February, 2012

Sale and rent back market temporarily closed

Financial Services Authority publishes report that shows most sale and rent back transactions were either unaffordable or unsuitable and never should have been sold.

6 February, 2012

Citizens Advice supports Office of Fair Trading’s attempt to update guidance on debt collection

Charity believes lack of clear guidance has contributed to mis-use of continuous payment authorities, in response to 'Debt Collection - supplementary consultation'.

6 February, 2012

Citizens Advice broadly supports removing debtor’s petitions for the court

Charity responds to Insolvency Service ‘Reform of the Process to Apply for Bankruptcy and Compulsory Winding Up Petition Reform' consultation.

3 February, 2012

Number of personal insolvencies fall

However, Money Advice Trust caution against considering decrease as completely good news.

3 February, 2012

Finance and Leasing Association re-launches Lending Code

Updated Lending Code has a range of new protections for borrowers in financial difficulty, and new rights for users of store cards and short-term credit.

31 January, 2012

Water debt increases by a third in 2011

Money Advice Trust figures show that 10 per cent of people calling National Debtline have water debt problems, in 2006 only 3 per cent of people had this problem.

30 January, 2012

Citizens Advice responds to government’s ‘Bank Accounts for Bankrupts’ consultation

Charity hopes that Insolvency Service takes necessary action to bring an end to the disadvantage that undischarged bankrupts currently experience.

30 January, 2012

Citizens Advice responds to proposed payment protection insurance guidance

Citizens Advice pleased that conduct and competition regulators have shown robust and persistent determination to bring problems under control, in response to FSA and OFT consultation.

26 January, 2012

Housing (Scotland) Act 2010 (Commencement No. 5) Order 2012

New regulations bring into force provisions including requiring landlords to comply with pre-action requirements before commencing court proceedings where a tenant has rent arrears.

26 January, 2012

Family debts up by almost 50 per cent in a year

Aviva Family Finances report shows that the typical UK family owes £7,944 in unsecured borrowing compared with £5,360 in January 2011, reports guardian.co.uk.

26 January, 2012

Northern households significantly more vulnerable to financial shocks than rest of UK

Report published by Consumer Credit Counselling Service reveals an 'alarming' North-South divide in household finances.

25 January, 2012

Assessment of equity release pilot schemes

New Joseph Rowntree Foundation report assesses schemes run by three local authorities to trial an equity release product designed to provide small amounts without any adverse impact on benefits.

23 January, 2012

Tackling Bad Debt in the Water Industry

Department for Environment, Food and Rural Affairs consultation seeks views on an alternative, non-regulatory approach to tackling bad debt from unpaid water charges than landlords sharing information about tenants to water companies.

20 January, 2012

Increased protection for customers where debt collection transferred to third parties

Lending Standards Board publishes new provisions which include that where a debt is sold, subscribers to Lending Code need to satisfy themselves that debt purchaser will continue to deal with customers in a manner consistent with requirements in Code.

19 January, 2012

More than one in five people cut spending on gas and electricity to pay rent or mortgage

New Shelter research also shows that 34 per cent of people have spent less on food in the last 12 months.

17 January, 2012

Financial Ombudsman Service - Efficient handling of financial services complaints

National Audit Office publishes review of the efficiency of operations of the Financial Ombudsman Service.

16 January, 2012

43 per cent of people worried they can’t afford next fuel billl

New figures published by Citizens Advice also show that 53 per cent of people are having heating on less to cut energy bills.

11 January, 2012

Research predicts rise in demand for debt advice in first half of 2012

Research published by Money Advice Trust shows that number of people getting help from free debt advice agencies increased in 2011 to 1.54 million, up from 1.4 million in 2010.