My pick of last week’s news is The car industry needs to be more honest when selling car finance.
Tweet of the week
Nobody loves a traffic warden … apart from this guy who ticketed Tommy Robinson’s campaign bus outside the Old Bailey and laughed off all the abuse from Yaxley-Lennon’s band of thugs.pic.twitter.com/Zl75zKN2aG
— Another Angry Voice (@Angry_Voice) July 5, 2019
Government-owned bank ‘forging signatures’ in repossession cases BBC: a handwriting expert witness in forgery cases, says … he considers it highly likely that different people have been signing under the same name.
Government council tax recovery pilot ‘could make situation worse’ Public Finance: A total of 29 councils involved in the scheme will be able to request information on residents’ employment and will be allowed to deduct unpaid council tax bills from an individual’s earnings.
NO CREDIT PiggyBank banned from handing out payday loans amid watchdog crackdown Sun: PiggyBank has been temporarily banned from handing out loans over “concerns” it could be irresponsible lending.
- ‘Car payments are ruining our lives’ BBC: As a first year university student with a part-time job she’d originally gone out looking for a much smaller – and less expensive – car to help her get to and from lectures. But she was persuaded to buy the Audi, which will end up costing her more than £20,000
- The car industry needs to be more honest when selling car finance Car Expert blog.
- London’s Big Brother cameras catch 4,000 drivers committing ‘moving traffic’ offences A DAY generating up to £520,000 in fines Mail: Fines increased by 30 per cent in the last year, the study reveals… the only other British city that fines drivers for yellow box junction offences is Cardiff.
‘I owe £600 and can’t get a mortgage due to my mother’s fraud’ Guardian: Victim says his credit rating has been ruined and he is unable to get a mortgage.
Credit card debt soars to £72.9bn as ultra-low rates drive a decade-long borrowing binge by families Mail: The total amount of consumer debt was 5.6 per cent higher in May than it had been a year earlier, according to the Bank.
Our future funding – a consultation Financial Ombudsman: For future years, we propose to significantly increase the proportion of our income we get from our levy as opposed to case fees – aiming for a split that’s closer to 50:50.
Benefits & other news
DWP: Advertising watchdog launches investigation into Universal Credit adverts Mirror: Charities demanded the DWP withdraws the ads with immediate effect after the Advertising Standards Authority launched a formal probe.
Families on universal credit falling into debt in school holidays Guardian: Parents tell MPs they are struggling to cope with higher childcare and food costs.
Gamblers find £70 ‘free bet’ costs £2,400 Times (paywall) Out of 27 offers, 13 were written at an undergraduate reading level, which made them harder to read than Herman Melville’s Moby-Dick. Most asked customers to read longer, general terms and conditions, which stretched to 16,000 words on average.