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26 September, 2013

Modernisation of the rules relating to insolvency law

The Insolvency Service is seeking views on its proposals to consolidate and replace the Insolvency Rules 1986.

16 September, 2013

Courts and Tribunals Fee Remissions Order 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

Payday loan recipients having accounts drained of funds because of automatic withdrawals by lenders

Citizens Advice says that 90% of those affected may have grounds for complaint about unfair treatment.

5 September, 2013

‘Banks becoming less likely to write off debt’

Money Advice Trust comments on new figures from Credit Action.

4 September, 2013

Insolvency (Amendment) Rules 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.

3 September, 2013

‘Wonga-bashing isn’t working’

'Campaign for affordable short-term credit is losing, while Wonga is winning', says Institute for Public Policy Research in response to today's payday loan company profit figures.

2 September, 2013

Changes to protected trust deeds in Scotland

New regulations laid before Scottish Parliament for this insolvency solution, include the introduction of a minimum debt level of £5,000 and ensuring that no contributions can be paid from a debtor’s social security benefits.

22 August, 2013

Money Advice Trust calls on local authorities to be more responsible in managing debt collection

New figures show that councils in England and Wales made 1.8 million referrals to bailiffs in the last 12 months.

19 August, 2013

Scottish Government raises awareness of Debt Arrangement Scheme

New campaign also directs people with money problems to information on how to find their nearest money adviser online.

14 August, 2013

Competition Commission seeks views as part of investigation into payday loan industry

Commission publishes 'statement of issues' to assist those submitting evidence to focus on the competition issues it envisages being most relevant to the investigation.

13 August, 2013

‘Breaking news - Bank of Mum and Dad in crisis’

Shelter's video 'report' on news that 'Bank of Mum and Dad', which lends £2bn a year to help children with housing costs, has 'run out of funds and looks likely to close'.

13 August, 2013

One in five people who have bailiff problems are working parents, says Citizens Advice

New analysis of 13,444 people who visited a bureau with a bailiff problem in first three months of 2013 also shows that 46 per cent had jobs compared to 54 per cent who were unemployed.

9 August, 2013

Government publishes new fuel poverty statistics based on its new definition of fuel poverty

New figures show that, under the new 'Low Income High Costs' measure, around 2.39 million households in England were fuel poor in 2011, representing approximately 11 per cent of the overall population.

8 August, 2013

48 per cent of people in Wales struggling to keep up with rent or mortgage

Results of survey by Shelter Cymru and Citizens Advice Cymru reveal that 'alarming numbers of Welsh adults are struggling to cope financially'.

7 August, 2013

Office of Fair Trading opens formal investigations into three quick house sale firms

OFT has also written to almost 120 providers in the sector advising them to check that their business practices and contractual terms comply with their legal obligations.

6 August, 2013

Scottish Government First Minister calls for cap on interest rates of payday loans

Alex Salmond also wants tighter regulation of the industry and steps taken to restrict the ability of payday lenders to ‘roll over’ the debt.

5 August, 2013

76 per cent of payday loan customers could have grounds for complaint to Financial Ombudsman

Citizens Advice launches a month-long campaign urging payday borrowers 'not to let predatory lenders get away with treating them unfairly'.

2 August, 2013

Over half of UK adults struggle to pay their bills, up from a third in 2006

Money Advice Service report also shows however that in recent years people have become more diligent about money matters and suspicious of financial scams.

31 July, 2013

Taking Control of Goods Regulations 2013

New statutory instrument contains detailed provision for operation of the procedure which bailiffs must follow when taking control of goods and selling them to recover a sum of money.