Demsa

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

DEMSA bulletin: FOS / Vulnerability / FSCS / ICO / Economic abuse / Election / Collaborations / Events

In today’s bulletin: General updateFOS consultation - Charging Claims Management Companies (CMCs)FCA – Consumer Duty – Information for firms – VulnerabilityICO - Public perceptions of Internet of Things (IoT)Financial Services Compensation Scheme (FSCS) outlook 2024/25CollaborationsEvents General update General Election - 4 July 2024 - what can we expect? I posted on this when the news broke. The Prime Minister has announced a General Election date of 4 July 2024. We now expecting a pre-election 'Purdah' period where civil servants are… Read more

DEMSA update: Smarter regulation / Data Sharing / FCA update / Insolvency stats / Homeowners / MoneyPlus report / Collaboration / Events…

In today’s bulletin: General updateBlog: What is the outlook for homeowners in problem debt?Volume IVA provider event – 15 May 2024Individual Insolvency Statistics - April 2024Smarter regulation - 'Share Once Support Register'10 principles for designing vulnerable consumer data-sharing programmesCollaborationsEvents General update Under Pressure: Who uses Buy Now, Pay Later (BNPL)? MoneyPlus has featured this Which? report. Both MoneyPlus and Finvence in separate recent research work have highlighted that the type of debt is an influence on the sustainability of debt… Read more

DEMSA update: Interest rates / Data requests / Complaints / Collaborations

In today’s bulletin: General updateThe “Make-Or-Break” Moment for Motor Finance: Data PreparationFCA highlights good practices and areas of focus for ARs acting as credit brokers under a Principal firmFOS complaints data including motor financeSCOR publishes latest version of Principles of Reciprocity – Betting & Gaming sectorCollaborationsEvents General update Interest rates & inflation The Bank of England held interest rates at 5.25% for the sixth time in a row with the next update on 20 June 2024. At its meeting ending… Read more