What you need to know this week
- Mortgage arrears have remained stable in Q2 2024, with a slight decrease in early arrears.
- Consumer car finance and the value of new business have decreased by 11% and 10% respectively in June 2024.
- The Scottish statutory debt solutions report for Q1 2024/25 shows a 2.1% decrease in personal insolvencies.
- The Debt Arrangement Scheme (DAS) has seen an increase in approved Debt Payment Programmes (DPPs).
- StepChange reports that the cost of living remains the primary reason for debt as of June 2024.
- The ABI has highlighted improvements in products for vulnerable consumers under the Consumer Duty.
- The FLA reports a 3% growth in second charge mortgage new business volumes in June 2024.
- Mortgage and landlord possession claims have increased as per the latest Ministry of Justice data.
- The upcoming FCA policy team meeting on August 14 will discuss the CONC 8 review.
- Digital DRA event is scheduled for 5/9/2024 at 10 am.
- Consumer Support webinar on identifying and supporting financially troubled consumers is set for 11 September 2024.
- The IPA conference will offer 6 hours of CPD on 28 November 2024.
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