DEMSA update: CCA reform / BoE update / Duty webinar & training / Collaborations / Events

In today’s bulletin

General update
CCA reform
Save the date – 7 September – ‘Consumer Duty & Intelligibility’ - are you compliant?
FCA webinar on 12 July for debt advisers
VRS Consumer Duty training – 24/7
FCA emerging regulatory approach to Big Tech and Artificial Intelligence (AI)
Events

General update
Borrowers in financial difficulty
CP23/13 closed on 13 July and DEMSA has submitted its response, which is broadly supportive of many of the proposals. I have covered much of this in the Blog below.
BBC headline
Mortgage payments will rise by at least £500 a month for nearly one million households by the end of 2026, the Bank of England has said.
Link: https://www.bbc.co.uk/news/business-66172954
More than 2m households will pay between £200 and £499 more per month over the next three and a half years, it warned.
Horizon scanning/foreseeable events are a key part of sustainable payment arrangements or debt remedies.
DEMSA noted that the FCA has revised its language in CONC 7 and ...

In order to access this content a ROAR Insight: Demsa option is required.

Join or add this to your existing account here.