In today’s bulletin:
General updateFCA vulnerability reviewCollaborationsEventsTraining
General update
My PS24/2 (BiFD) post is picking up some traction with contributions from a number of the vulnerability specialists on the circulation. Interesting Blog by Adam Butler at StepChange around the new BiFD policy rules (PS24/2).
Link: https://medium.com/stepchange/assessing-the-fcas-new-rules-on-support-for-borrowers-in-difficulty-056b6d265f5d
Link: https://ukrn.org.uk/cost-of-living-working-group-joint-letter-2/
Debt Camel article on Barclaycard cutting minimum payments
The FCA announced in its November 2023 horizon scan that it will review the ‘persistent debt rules’ later this year. Sara Williams challenges whether the latest Barclaycard announcement is a breach of the Consumer Duty. Worth a read from a debt advice perspective, where the minimum payment may not be much more than a pro rata payment into a DMP.
UK Finance published some card spen...
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