16 October, 2014
10 October, 2014
[2014] EWCA Civ 1297
10 October, 2014
New report from the Competition and Markets Authority highlights four important ways that consumer bodies can tackle problem debt: supporting financial capability, providing early debt advice, undertaking further consumer behaviour research, and pursuing enforcement and compliance.
10 October, 2014
New report from Citizens Advice highlights that struggling to make ends meet can lead to people feeling stressed, depressed and anxious, and that for some people with mental health conditions, their diagnosis may lead to behaviour which means they are more likely to get into debt.
9 October, 2014
Measures, developed in light of the Financial Conduct Authority’s July 2014 price cap proposals, include encouraging the development of a high quality price comparison sector for payday loans.
8 October, 2014
The ASA has ruled that a payday loan advert from Wonga should not appear again in its current form after Citizens Advice raised concerns that the advert did not show the Representative Annual Percentage Rate (RAPR) when it said 'you can even pay back early and save money'.
8 October, 2014
3 October, 2014
Legislation to be introduced in the Scottish Government’s forthcoming legislation programme that will mean councils will no longer have the ability to collect poll tax arrears, but will be compensated for outstanding amounts in line with current collection rates.
3 October, 2014
Scheme to be expanded to everyone in receipt of pension credit guarantee credit, including those also in receipt of pension credit guarantee credit with savings credit.
3 October, 2014
Exercise seeks views, ahead of 13 November deadline, on proposed changes for 2015/2016
2 October, 2014
Payday loan company sets out details of new affordability policy, developed in conjunction with Financial Conduct Authority, and 'forbearance' strategy for those who have existing loans that would not have been allowed under it.
1 October, 2014
New statutory instrument brings into force the Bankruptcy and Debt Advice (Scotland) Act 2014 from 1st April 2015 insofar as it is not already in force (except for section 27 in relation to section 17G(7) of the Bankruptcy Act 1985), and makes a number of saving and transitional provisions.
30 September, 2014
Findings of online payday loan tracker survey include that only one in five people struggling to repay a payday loan had the interest frozen and only a quarter thought the lender treated them sympathetically,
25 September, 2014
New Ministry of Justice statistics include that total of legal help matters started and civil representation certificates granted was 32 in employment cases, 2,584 in debt cases, 3,877 in community care cases and 55,943 in housing cases.
23 September, 2014
Review instigated following BBC exposure of companies sending letters purporting to be from debt recovery organisations.
22 September, 2014
Authority warns that firms must demonstrate that they provide appropriate advice, do not charge unfair fees, and have adequate processes for handling client money when assessments for consumer credit authorisation start next month.
15 September, 2014
Finding of Children's Society survey as new report calls for restrictions on loan advertising to join those already in place to protect children from adverts for gambling, alcohol, tobacco and junk food.
5 September, 2014
In force from 26 September 2014, new regulations that amend the Consumer Credit (Information Requirements and Duration of Licences and Charges) Regulations 2007 and prescribe information and forms of wording which must be included in certain statements and notices which creditors and owners are required to give to debtors and hirers under the Consumer Credit Act 1974.
4 September, 2014
Response sets out 'Blueprint for Development' based on enabling legislation and proportionate regulation; sound governance and strong management; sustainable business models, products and services; and appropriate investment.
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