What you need to know this week
- Bank of England Q1 2025 Credit Union data shows arrears rising despite small rebounds in assets and profits.
- UK private rents rose to £1,343 by July 2025, with growth slowing but still increasing pressure on households.
- FCA and VRS highlight Consumer Duty two years on, focusing on third-party vulnerability data and “tell us once” models.
- Ofgem confirmed a 2% rise in the energy price cap from October 2025, adding £35 to typical household bills.
- Insolvency Service FoI response shows median DRO debt at record levels (£13,500).
- Ofgem AI sandbox consultation closes on 18 September 2025, with AI Reg Lab to follow in October.
- Fernwood Financial Limited enters liquidation with all customer loan balances written off.
- StepChange August newsletter covers BNPL regulation and rising rental costs; StepChange Connected takes place 16 October in Leeds.
- Money Charity data shows 264,294 Citizens Advice enquiries in July 2025, with debt issues up 6.8% year-on-year.
- FCA clarifies workplace savings scheme rules, supported by HMT, MaPS, ICO, DBT, and PRA.
- EDF launches £30m Winter Support Package with TellJo and partners to address rising energy debt.
- Key upcoming sector events include MALG NE Forum (9 Sept), CSA UKCCC (11 Sept), FourNet Compliance Event (17 Sept), and Utility Week Vulnerability & Collections (18 Sept).
Read the full summary – here
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