In today’s bulletin
General update FCA Consumer Duty webinar 6 December FCA Regulatory Initiatives Grid into 2024 Credit Information Market Study final report MaPS £2m innovation funding for debt advice sector Scammers looking to exploit financial stress at Christmas - FCA warning Collaborations Events Training
General update According to UK Finance, Q3 saw a slight bounce back in consumer confidence.
I am not so convinced, especially when you pick up on some of the cost-of-living stories below. Consumer spending in Q3 presents a contradictory scenario, where retail sales values ascended while underlying sales volumes experienced a decline. “Amidst the ongoing cost-of-living and interest rate pressures we have, unfortunately, seen arrears cases rise through 2023 and this continued in the third quarter. Although the increases are of concern, numbers of customers in arrears remain low compared with historic records, with customers in arrears accounting for less than one per cent of al...
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