DEMSA Newsletter ¦ Summary

What you need to know this week

  • Royal Mail is increasing the price of 1st class stamps to £1.65 from October 2024.
  • Christians Against Poverty (CAP) reports that 47% of debt advice seekers have a deficit budget.
  • The Financial Conduct Authority (FCA) banned debt packager referral fees in June 2023.
  • Oversight of Appointed Representatives is showing areas for improvement in effectiveness.
  • Morgan Ash has published a vulnerability checklist to aid firms with Consumer Duty requirements.
  • Lowell Debt Download notes that 46% of young gamblers have used credit to fund betting activities.
  • Experian’s Q1 2024 Affordability Report discusses consumer resilience and evolving credit behaviours.
  • The FCA’s exploration of financial exclusion highlights challenges for the most excluded consumers.
  • The CSA report finds that consumer fears of debt litigation are over-exaggerated.
  • Upcoming Vulnerability Management training event on 14 October 2024, 1pm.
  • Collaboration Network conference on mental capacity on 2 October 2024.
  • IPA Personal Insolvency Conference on 28 November 2024.

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