My pick of last week’s news is the Supreme Court judgment in Samuels v Birmingham City Council but if you want an interesting read you may not have seen, look at Consumers Are Becoming Wise to Your Nudge.
On a personal note, I was very proud to be elected as a Trustee of the Institute of Money Advisers this week.
Tweet of the week
@KarlTurnerMP asked @MelJStride if he could have a debate to change the law to stop ‘hundreds of people each year being sent to prison for non payment of council tax’. Minister said he could do better than a debate. Step forward @crimlawuk? pic.twitter.com/uozyskjUby
— Office of Karl Turner MP (@OfficeKTMP) June 13, 2019
At least 130,000 trapped in social care debt GMB: The shocking figures, discussed at GMB’s Annual Congress in Brighton .. amount to one in three of all people who pay for their social care.
The rising cost of funerals leaving bereaved families in poverty ITV: the cost of the average funeral has more than doubled over the last 15 years, with the expense hitting low-income households the most.
Pentagon (UK) Limited and Atlantic Finance (UK) Limited enter administration FCA: 2 commercial DMP firms go under.
Teacher refused mortgage because of Parking Eye ticket from Halfords DerbyshireLive: She says she feels her life has been put on hold.
Payday loans are debt traps by design Washington Examiner. An article on American payday loans
FCA rules for buy-now-pay-later products could save customers up to £60m Credit Strategy: Firms cannot charge backdated interest on amounts of money that have been repaid by the consumer during the BNPL offer period. Final Rules come into effect in November.
Warning that Help to Buy’s early home buyers could unwittingly be in arrears due to flaw in the system Mail: This failure has now led to 5 per cent of interest-paying Help to Buy homeowners – approximately 739 households – falling into arrears.
Benefits & other news
“Universal Credit is creating nightmare situations for survivors of domestic abuse” Trussel Trust: The lengthy period of time between making a Universal Credit claim and receiving the benefit impacts not only on women’s ability to support themselves and their children, but also on the legal process they are often going through when escaping domestic abuse.
Universal credit delays a factor in sex work, government accepts Guardian: Minister apologises for DWP memo dismissing link between long waits and survival sex work.
Child Poverty Action Group welcomes Supreme Court judgment in Samuels v Birmingham City Council CPAG: families made homeless due to the inability to pay the rent because of cuts to housing related benefits (LHA restrictions, bedroom tax etc.) cannot be said to be intentionally homeless: there is no slack in the budgets of those on out of work benefits to make up shortfalls in housing related benefits
- the judgment: Samuels (Appellant) v Birmingham City Council (Respondent).
Starvation, desperation and unending kindness: What we learned when we worked a shift at a foodbank Coventry Live: Over the past six years the foodbank has helped feed 25,571 people, of which 9,389 were children.
Fraud and scams New page from the Financial Ombudsman with three examples.
Consumers Are Becoming Wise to Your Nudge Behavioural Scientist: a world saturated with behavioral interventions might no longer resemble the one in which those interventions were first studied. Are we aiming at a moving target?
FCA under fire over handling of adviser tip offs FT Adviser the Financial Conduct Authority had failed to “learn lessons” from previous cases in which the regulator’s customer contact centre had neglected to pass on information of a “supervisory” interest.