Demsa

In today’s bulletin General update Council Tax collection Credit Union arrears Financial Crime Collaborations & features Events General Update Mortgage arrears and possessions figures Q4 2023 Homeowner mortgages in arrears increased 7% to 93,680 compared to Q3. Buy-to-let mortgages (BTL) in arrears increased 18% to 13,570 compared to the previous quarter. 540 homeowner mortgaged properties were taken into possession in Q4, down 14%. 500 BTL mortgaged properties were taken into possession in Q4, 11% higher. UK Finance has reminded consumers… Read more

In today’s bulletin General update Scottish Statutory Debt Solutions Statistics for Q3 2023-24 Personal insolvency Q4 2023 and 2023 stats Collaborations & features Events Training General Update Interest rates held at 5.25% The Bank of England held interest rates at 5.25% for the fourth time in a row, though the Bank's committee voted 6-3 in favour of holding the rate, with 2 wanting an increase and one wanting a cut. ONS figures: https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/december2023 Twelve-month CPI inflation fell to 4% in… Read more

In today’s bulletin General update Designing communications to support consumers and deliver better outcomes – free virtual event on 10am on 21/2/2024 2024 will see a surge in work on AI regulation among key stakeholders that UK Finance works with Open Banking – December performance stats Registry Trust (RTL) blog on BNPL CP23/30: Operational resilience: Critical third parties to the UK financial sector Collaborations Events Training General Update Since my reference to London Borough of Barking and Dagenham (LBBD) becoming… Read more

In today’s bulletin General update Insolvency Service research into concerns around Individual Voluntary Arrangements (IVAs) Fall in personal insolvencies at year-end Consumer Duty Board reports for July 2024 Collaborations Training Events General Update DEMSA followers on LinkedIn DEMSA has managed to attract 1,003 followers at the time of writing, which was a mini milestone given the very limited size of the debt solution marketplace. We now have a very broad audience for both the LinkedIn site and the bulletin. The… Read more

In today’s bulletin General update Placeholder – 21 February – Amplified Global update on simplifying key debt advice collateral 2024 resolution - Check eligibility for Broadband social tariffs Child benefits and other horizon scanning for debt advisers Translating ‘Good Culture’ into Evidenceable Frontline Practices FOS consultation - powers to charge CMCs Including claimant data on the Register of Judgments, Orders and Fines Training – dealing with joint DMPs – onboarding and reviews General update We are expecting another FCA ‘portfolio’… Read more

I am pleased to say that we have active FCA participation in our research work on IVA voting by regulated creditors and its alignment with the Consumer Duty. We have a call in the New Year. We also have engagement with The Insolvency Service following the IPA event in November, bt in terms of the personal insolvency reform stakeholder groups and their market work regarding IVAs that failed in the first 2 years.   Link: https://www.ro-ar.com/demsa-summary-https-www-ro-ar-com-demsa-update-ofgem-ofwat-ukrn-consumer-duty-debt-advice-personal-insolvency-collaborations-training/   The Money Charity… Read more