DEMSA bulletin: Election / Political correctness / Energy debt / FCA updates / ICO / Collaboration / Events

In today’s bulletin: General updateFCA report on consumer outcome monitoringQuestions about SARs and ICO updateCollaborationsEvents General update A week dominated by the general election. Meanwhile, new figures from the Bank of England show net consumer credit borrowing rose sharply in May 2024 to £1.5 billion, up from £0.8 billion in April. This was driven by net borrowing on credit cards rising from £0.2 billion to £0.8 billion and borrowing on other forms of credit such as personal loans and car… Read more

KEY THEMES+ ¦ DEMSA Newsletter

What you need to know this week Major UK high street banks have resolved their recent payment issues.The UK economy grew by 0.7% in the first quarter of 2024.Council tax arrears in England have reached £6.2 billion.36% of National Debtline callers in May had energy debts.StepChange reported a 12% decrease in clients accessing full debt advice in May 2024 compared to May 2023.The threshold for Debt Relief Orders (DROs) increased from £30,000 to £50,000, and single vehicle value from £2,000… Read more

DEMSA bulletin: More FCA activity / Personal insolvency / Collaborations / Events

In today’s bulletin: General updateDRO changes from 28/6/2024Personal insolvency statistics – May 2024IMLT June 2024 updateNIS2 Directive – are you ready?CollaborationsEvents General update The countdown to the general election continues. Major UK high street banks have stated that their payment issues are now fixed. Banks including HSBC, Nationwide, Barclays and Virgin Money were all affected by issues with a system that operates payments between individuals and firms. I noticed delays when moving money from Barclays to Lloyds yesterday using faster… Read more

DEMSA bulletin: Event recording / FCA survey / Collaborations / Events…

In today’s bulletin: General updateOutputs from Consumer Duty event on 7 June 2024CollaborationsEvents General update The countdown to the general election continues. Ahead of my discussion on Wednesday at the Celtic Manor around Financial Education, Business Debtline has launched a new programme to tackle finance skills gaps.  The charity’s Building Up Business programme draws on Business Debtline’s expertise as the UK’s Centre of Excellence for business debt, aims to build the financial resilience of small business owners across the UK. Findings highlight… Read more

DEMSA bulletin: Duty event 7 June / IVA volume provider report / FCA activity / Cyber and Operational Resilience / Collaborations…

In today’s bulletin: General updateIVA Volume Provider Report 2023Duty event – 7/6/2024Digital Markets, Competition and Consumers (DMCC) Bill was passed by the UK Parliament on 23 May 2024Review of Scotland’s statutory debt solutions - Part 3Scottish Mental Health Moratorium RegulationsDORA in the UK: What you need to knowTo BCC or CC that is the questionCollaborationsEvents General update Ofgem has announced that its energy price cap will drop to £1,568 from 1 July 2024, a decrease of 7% compared to April’s level. However, National Debtline… Read more

DEMSA bulletin: General election / FCA requests / Meg Van Rooyen Blog / Ransomware / Events / Collaboration…

In today’s bulletin: General updateGuest Blog – Meg Van Rooyen from MATCollaborationsEvents General update My thanks to Martin Hickley for confirming that the 4th July election means the Data Protection and Digital Information Bill has been dropped. Martin also advised that the UK National Cyber Security Centre (“NCSC”) and 3 major UK insurance associations (Association of British Insurers (“ABI”), British Insurance Brokers’ Association (“BIBA”) and International Underwriting Association (“IUA”)),  have published joint guidance on the approach to ransom payments for… Read more