My pick of last week's news is Klarna's new app. If you don't think it looks important, look again... Debt news DRO regulation changes laid before Parliament gov.uk: These are negative procedure statutory instruments so, unless the order is "prayed against" in Parliament - which is highly unlikely - they will come into force on 29 June 2021. Equifax changes credit scores on the quiet my … [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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Debt news – 6 June 2021
My pick of last week's news is the set of depressing articles on renting. Tweet of the week Latest summary: WHAT THERE IS MONEY FOR: £37bn on a failed Test & Trace £billions on dodgy PPE deals for cronies £16bn on bombs & guns £200m on a big yacht WHAT THERE ISN’T MONEY FOR: Proper pay rise for nurses Proper education for kids — David Schneider (@davidschneider) June … [Read more...]
Debt news – 30 May 2021
Three major items of news this week: Amigo scheme rejected by court case, the FCA bans the loyalty penalty for insurance and a demand for a fairer social tariff for water. Debt news Amigo Scheme NOT approved by the court after the FCA objected... In the matter os ALL Scheme Limited Bailii - the judgment Scheme of Arrangement: result of second Court hearing Amigo: "Amigo is … [Read more...]
Debt News- 23 May 2021
Lots of news about Schemes of Arrangement this week, including the "no news" from the Amigo court case on Wednesday. Tweet of the week #NationalNumeracyDay - so conflicted. Being better with numbers won’t help if you’re in the >45% of debt advice clients with negative disposable income even after budgeting advice and income maximisation. — Gareth McNab (@McnabGareth) May … [Read more...]
Debt news – 16 May 2021
Another busy week! The DRO changes announced in New measures to help vulnerable people in problem debt are my top pick, but the New Consumer Duty the FCA has started to consult on is very interesting for the future. Tweet of the week Have just written to @CityWestminster in support of a plea from Great Ormond Street Hospital to help a child with cancer living in a property riddled with … [Read more...]
Debt news – 9 May 2021
In a 4 day week, the introduction of the Breathing Space dominated the news. Debt news Breathing Space: People in problem debt get 60-day break scheme BBC: The Treasury has estimated that up to 700,000 people could be helped by the scheme in its first year. Britons struggling with debt can now push the pause button for 60 days as charities give new Government respite scheme … [Read more...]
Debt news – 2 May 2021
A huge amount of important news this week, including bad news for mortgage prisoners and leaseholders affected by cladding problems. Tweet of the week Are you working under a MaPS contract? We need your help to design a survey for colleagues to gather evidence of the problems being caused. We know how busy you are, but if you can spare some time to help us with this, please drop us an … [Read more...]