In today’s bulletin:
General update
FCA webinar on 31 July 2024 - Consumer Duty one year on
Review of FCA requirements following the introduction of the Consumer Duty
ICO post on responsible data sharing
MaPS - Tackling problem gambling and problem debt
Registry Trust Q2 2024 stats
CP24/15: Handling rules for motor finance complaints
Credit union annual statistics – 2023
Barry Hind blog – QA going forward under the Duty
Collaborations
Events
General update
The Bank of England finally cut interest rates to 5% at its August meeting after holding them at 5.25% seven times in a row. At its meeting ending on 31 July 2024, the MPC voted by a majority of 5–4 to reduce Bank Rate by 0.25 percentage points, to 5%. Four members preferred to maintain Bank Rate at 5.25%.
Latest data from the Bank of England has found that lenders expect default rates on home loans to climb in the coming months. The data showed that mortgage default rates rose in Q2. Lenders reported a slight increase in default ...
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