What you need to know this week
- Council tax arrears in England have reached £6.6bn, a 10% annual increase, with 25% of National Debtline callers affected.
- The FCA has launched a mortgage rule review aimed at improving home ownership and affordability.
- The Data Use and Access Act 2025 introduces phased reforms to UK data protection law.
- The Lending Standards Board will wind down by 31 October 2025, removing independent oversight for SME lending protections.
- New research from TransUnion UK reveals 8m+ consumers using BNPL for purchases under £50.
- Individual insolvencies in England & Wales totalled 10,014 in May 2025, with DROs at near-record levels.
- FCA consultation CP25/13 proposes changes to complaint reporting, with a response deadline of 24 July 2025.
- Citizens Advice highlights average council tax arrears of £1,498—up 32% since 2019.
- The Centre for Social Justice’s Vital Signs report identifies deep vulnerability among households in council tax arrears.
- HM Treasury published a revised Debt Management Functional Standard to strengthen fair and inclusive debt practices.
- The FCA held a pre-market engagement event on 1 July 2025 regarding its future consultancy framework procurement.
- Upcoming events: FCA Payments Strategy webinar on 10 July; MaPS update webinar on 16 July; PayPlan vulnerability case study on 24 July.
Read the full summary – here
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