In today’s bulletin:
General update
Enforcement News – Autumn edition
FOS – quarterly statistics – growing trends
NCSC guide on Incident Management
AI governance in debt services
Training
Collaborations
Events
General update
StepChange responds to Bank of England Money and Credit statistics
Net consumer credit borrowing rose to £1.2 billion in July 2024, from £0.9 billion in June. Within this, net borrowing through credit cards remained stable at £0.5 billion in July, while net borrowing through other forms of consumer credit (such as car dealership finance and personal loans) increased to £0.7 billion, from £0.4 billion in June.
Net borrowing of mortgage debt by individuals increased to £2.8 billion in July, the highest since November 2022 (£3.3 billion), and up from £2.6 billion in June.
Richard Lane’s comments reflect some of my concerns set out above.
StepChange Chief Client Officer Richard Lane said:
“It’s encouraging to see signs of consumer confidence increasing, but the fact ...
In order to access this content a ROAR Insight: Demsa option is required.
Join or add this to your existing account here.