Industry Newsletters

DEMSA update: Duty / PS24-02 /Features / Collaborations / Events / Training

In today’s bulletin: General updateFCA vulnerability reviewCollaborationsEventsTraining General update My PS24/2 (BiFD) post is picking up some traction with contributions from a number of the vulnerability specialists on the circulation. Interesting Blog by Adam Butler at StepChange around the new BiFD policy rules (PS24/2). Link: https://medium.com/stepchange/assessing-the-fcas-new-rules-on-support-for-borrowers-in-difficulty-056b6d265f5d Link: https://ukrn.org.uk/cost-of-living-working-group-joint-letter-2/ Debt Camel article on Barclaycard cutting minimum payments The FCA announced in its November 2023 horizon scan that it will review the ‘persistent debt rules’ later this year. Sara Williams challenges whether… Read more

DEMSA update: FIN073 / PS24-2 / AI / Collaborations / Events

In today’s bulletin: General updateVirtual event around IVA voting and better outcomes for consumers in problem debt – 1/5/2024SUP15 and FIN073 reportingPS24/2 – policy rules from CP23/13 (BiFD)IVA failures by localityCollaborationsEvents General update In the bulletin today, we cover the new FCA financial resilience reports and their recent survey results, which suggest that Consumer Finance has had a negative impact for many firms. This has heightened the focus on financial and operational resilience, especially where cost cutting may have negative… Read more

DEMSA update: IVA voting / DROs / FCA news / FOS / MaPS consultation / Collaborations / Events

In today’s bulletin: General updateVirtual event around IVA voting and better outcomes for consumers in problem debt – 1/5/2024MaPS consultation on the delivery of their debt advice strategyConsumer Duty lessons learned from FCA interventions in insurance sectorFinancial Ombudsman plansSludge practices in focusCollaborationsEvents General update I liked the UK Finance article that non-executive directors (NEDs) can provide fresh perspectives, new ideas, and different problem-solving approaches. This is ideal for improving your firm’s financial resilience. I am sure that Bryan Foss will… Read more