What you need to know this week
- Nikhil Rathi, CEO of the FCA, is set to speak at the StepChange Connected event in September 2024.
- The King’s Speech highlighted new legislative agendas like the Renters’ Rights Bill and a Digital Private Rented Sector Database.
- Open Banking users in the UK have surpassed 10 million, showcasing widespread adoption of this technology.
- Personal insolvency statistics for June 2024 show record highs in DROs, reaching 4,383 cases.
- There’s a call for information on digital wallets by the PSR and the FCA, highlighting concerns about security and regulation.
- The Cyber Security and Resilience Bill aims to enhance the UK’s defences against cyber threats.
- The Labour Government plans to enact the Digital Information and Smart Data Bill to utilise data for economic growth.
- FCA to discuss the impact of the Consumer Duty in a webinar scheduled for 31 July 2024.
- The upcoming Consumer Duty Services insolvency practitioner event is on 3 October 2024 in Manchester.
- Personal insolvency figures have risen, with a total of 10,395 individuals entering insolvency in June 2024.
- The FCA’s regulatory round-up for July includes a credit information market study.
- StepChange has responded to the King’s Speech addressing issues relevant to individuals in problem debt.
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