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7 March, 2014

Government planning to set up new company to provide debt management services to Whitehall

Company's 'initial customers' will include DWP, HMRC, the Home Office, the Student Loans Company, the Legal Aid Agency and the Driver and Vehicle Licensing Agency.

5 March, 2014

OFT suspends credit licence of online payday lender

Micro Lend UK Limited's licence suspended after OFT concludes that this is 'urgently necessary to protect consumers'.

4 March, 2014

Citizens Advice reports payday loan adverts to Advertising Standards Authority

Seven payday loan adverts, from six different payday lenders and credit brokers, flagged with the regulator for concerns about irresponsible or misleading practices.

3 March, 2014

Money Advice Trust welcomes new consumer credit rules

MAT says that it 'believes the transfer of regulatory control to the Financial Conduct Authority will provide a boost for consumer protections, and especially welcome rules that require customers with high-cost credit in clear financial difficulty to be referred to free debt advice services'.

3 March, 2014

Nearly half of Welsh adults who pay rent or a mortgage are struggling to keep up with payments

New survey from Citizens Advice Cymru and Shelter Cymru also highlights that 28 per cent of working adults do not have sufficient savings or insurance protection products to enable them to continue to make housing payments for more than 1 month if they were to lose their source of income.

26 February, 2014

Money Advice Service awards contract for debt advice accreditation service to Recognising Excellence

Credit Today reports that MAS confident that firm 'will be well placed to support training and qualification providers with their accreditation applications'.

25 February, 2014

Action needed to support the banking rights of people with a learning disability

New report from Dosh calls for development of improved guidance and training for bank staff, and accessible information and guidance for people with a learning disability and their supporters.

21 February, 2014

Academic sanctions to tackle student debt could breach consumer protection law, warns OFT

New report highlights that approximately three-quarters of UK universities have terms and conditions that could prevent students from graduating or enrolling onto the next academic year if they owe non-tuition fee debts, such as for university accommodation or childcare services.

17 February, 2014

Action needed on ‘logbook loans’, says Citizens Advice

New evidence from charity suggests that voluntary code of practice for industry introduced in 2011 is being flouted.

14 February, 2014

Government likely to be underestimating value of student loans that will never be paid back

New Public Accounts Committee report highlights that the £46 billion of outstanding loans on the government’s books is likely to rise to £200 billion by 2042.

7 February, 2014

Bedroom tax results in almost £5m rent arrears in Scotland in first 6 months

Scottish Housing Regulator reports that almost half of local authorities and almost a fifth of housing associations estimate that more than 10 per cent of their arrears are attributable to the bedroom tax.

4 February, 2014

Carers UK inquiry discovers ‘alarming levels of hardship’

12 month investigation finds that carers facing loss of savings, debt and difficulty in affording food and heating.

29 January, 2014

55 per cent of homeless young people are in debt, says Centrepoint

Findings of new research also include that 44 per cent of homeless young people say that financial situation is a barrier to moving on from supported accommodation.

28 January, 2014

Ministry of Justice changes rules about bailiffs, claim management companies and Land Registry

Announcement that 69 changes being made following review of legislation as part of government's 'Red Tape Challenge'.

21 January, 2014

Cuts to council tax support increase numbers seeking debt advice

New research from the Institute for Fiscal Studies finds that entitlements have been reduced for 2.5 million working age households by an average of £160 in 2013/2014.

21 January, 2014

Ombudsman finds against local authority that overcharged 58 elderly tenants for their water rates

Local Government Ombudsman urges councils to consider importance of complying with the Water Resale Order by clearly explaining to tenants how it calculates their water rates when it demands payment.

20 January, 2014

‘Helping Hand with Debt’ campaign launched by Scottish Government

People with debt problems urged to seek advice and to consider credit unions as an ethical and affordable alternative to payday loans.

20 January, 2014

Credit brokers ‘posing’ as payday loan companies, says Citizens Advice

Charity says that two in five poeple who complained about brokers were hit with unexpected fees and many did not realise they weren't dealing direct with loan company.

15 January, 2014

Welsh Government announces funding of over £1.2m to increase credit union membership

Funding being given to national and local schemes which include a publicity campaign, money management education and the development of financial services.