What you need to know this week
- Average UK private rents increased 7.4% year-on-year to £1,335 as of April 2025.
- A revised IVA Protocol will take effect from 1 July 2025, with significant safeguards for consumers.
- 4,000 individuals may still claim DRO-related refunds via the Insolvency Service.
- Ofgem mandates £18.6m in redress for unauthorised prepayment meter installations affecting 40,000 customers.
- FCA updates 11,000 firm requirements and permissions, impacting over 9,000 regulated entities.
- Aryza acquires Webio to accelerate AI integration across the debt lifecycle.
- The FCA’s Credit Information Market Study (CIMS) Report 4 focuses on data consistency and consumer understanding.
- QA Frameworks flagged as a key FCA priority in PS25/3 and 2026 CCR returns; DEMSA to run an event before 31 July 2025.
- Debt Buyer, DCA and BPO event scheduled for 17 June 2025 at the Treehouse Hotel, Manchester.
- MaPS Mental Health and Money Toolkit provides frontline practitioners with structured financial wellbeing support.
- Virgin Media O2 partners with Money Wellness to improve financial support pathways for customers.
- Over £1.17bn lost to fraud in 2024, with 70% of APP fraud cases originating online.
Read the full summary – here
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