Further to my thought piece on the HM Treasury consultation around Statutory Debt Repayment Plans (SDRPs), Colin White of Credit-Connect has published this on his website.
My thanks to the teams at In Control Debt Solutions, Moneysolve, Refresh Debt Services and The Debt Advisor/Bennett Jones for their time in reviewing the SDRP consultation this week following on from sessions that I held the week before. If you are interested in a Teams call then drop me a note.
Link: https://www.credit-connect.co.uk/industry-opinion/hm-treasury-consultation-on-statutory-debt-repayment-plans-the-demsa-view/
The FCA has published its May 2022 regulatory roundup. There is nothing in this that we haven’t covered in respect of sector news for consumer credit. It reinforces the FCA concerns that some firms have been using misleading terms like ‘loan guaranteed’, ‘pre-approved’ or ‘no credit check loans’ in their marketing. They have reminded firms that adverts must not give consumers the ...
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