My pick of last week's news is the BNPL news - Klarna's new Pay now option and the Treasury at lasts consults on regulation. Debt news Debt Advice: Fears over the future of free debt advice BBC: There is growing concern that free, face-to-face advice which helps hundreds of thousands out of debt each year could be cut. Response to MaPS call for evidence on access to debt advice … [Read more...]
Recent Weekly News Round-ups
Every Sunday I publish my selection from the last week's news about debt, debt advice, debt regulation and policy issues.
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My pick of last week's news is Resolutions Foundations report on what the government can do about rising energy costs: Bills, bills, bills. For debt advisers, if you didn't hear Moneybox on The future of Face-to-face advice, listen to it now! Debt advice news What is a manageable debt advice caseload? IMA report: 77% of advisers are working more than their contracted hours, and … [Read more...]
So no last minute reprieve for Universal Credit claimants. It's going to be a grim winter. Debt news Let's save face to face debt advice We are debt advisers meeting on 4 November to discuss concerns about the proposed new MaPS debt advice contracts. Regulating for better outcomes - next steps in consumer credit FCA speech: We expect the Government to consult on a proposed [BNPL] … [Read more...]
My pick of last week's news that you might not have seen is the Universal Credit - A Claimants guide - written by claimants, it's honest and in plain English. Debt news Who will need debt advice in the future? MaPS: interesting to see what MaPS is thinking. No mention of single parents, mental health or literacy/language issues. Perhaps they didn't read this next article... Money … [Read more...]
The energy price and Universal Credit cut stories dominate this week. Winter is coming The big squeeze Resolution Foundation: Assessing the changes to family incomes over the next six months Thousands of energy customers facing bill shocks BBC: The same problem faces customers of surviving energy firms who are coming to the end of their fixed rate term... They, too, will be unable to … [Read more...]
I've been on holiday for a week (the Gower - fabulous beaches!) so what have I missed in this round-up? Leave a comment below! Tweet of the week Another Housing Secretary comes and goes without the Social Housing White Paper being brought into law. More than 4 years after Grenfell, we’ve had 4 ministers but still only promises to empower tenants, provide greater redress/regulation and … [Read more...]