2 December, 2013
27 November, 2013
New study by the Money Advice Service finds that although the majority of the over-indebted population report that debt is having a negative impact on their lives, only 17 per cent are currently receiving advice.
26 November, 2013
According to BBC Newsnight many mortgage applications have been instantly declined and credit scores adversely affected after people took out payday loans, whether or not they had difficulties repaying the cash.
25 November, 2013
HM Treasury announced today that the cap will be established through amendments to the Banking Reform Bill, which is currently going through parliament.
21 November, 2013
New Citizens Advice Scotland briefing says its year-long survey of borrowers shows that irresponsible lending practices in the payday loan industry are still widespread.
20 November, 2013
New Centre for Social Justice report, 'Maxed out', also finds that average debt repayments within the poorest 10 per cent of UK households amount to nearly half their gross monthly income.
11 November, 2013
28 October, 2013
Results of survey of more than a thousand young people aged 15-17 reveal that the harder the family finds it to cope with saving for emergencies, the less confident the young person is at managing their own money, and less likely to be developing positive money habits.
28 October, 2013
'We expect businesses in the debt management sector to behave with integrity and treat their customers fairly... We will not hesitate to revoke the licences of debt management businesses that fail to do so', says Senior Director of Consumer Credit
17 October, 2013
Speech today to outline plan to recoup £13m which would be used to fund credit unions, reports Guardian.
17 October, 2013
'Church must be actively involved in supporting the development of real lending alternatives, such as credit unions', says Justin Welby.
15 October, 2013
Citizens Advice is backing the cross-party charter, launched in parliament today, which sets out recommendations aimed at ensuring that the payday loan sector treats borrowers fairly.
10 October, 2013
New statutory instrument increases the level of interest that can be charged by credit unions from two per cent to three per cent per month.
3 October, 2013
The Financial Conduct Authority is seeking views on proposals that include limiting the number of times a loan can be rolled over and the use of a continuous payment authority, although at this stage it will not be considering whether there should a limit on the level of interest rates charged.
26 September, 2013
The Insolvency Service is seeking views on its proposals to consolidate and replace the Insolvency Rules 1986.
16 September, 2013
New statutory instrument introduces single fee remissions system to all court and tribunals, with changes to disposable capital rules, and also introduces fee for judicial review oral hearing.
11 September, 2013
Citizens Advice says that 90% of those affected may have grounds for complaint about unfair treatment.
5 September, 2013
Money Advice Trust comments on new figures from Credit Action.
4 September, 2013
New statutory instrument makes consequential amendments to the Insolvency Rules to reflect the repeal of early discharge from bankruptcy provisions made by section 73 and Part 3 of Schedule 21 of the Enterprise and Regulatory Reform Act 2013.
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