What you need to know this week
Mortgage arrears have remained stable in Q2 2024, with a slight decrease in early arrears.
Consumer car finance and the value of new business have decreased by 11% and 10% respectively in June 2024.
The Scottish statutory debt solutions report for Q1 2024/25 shows a 2.1% decrease in personal insolvencies.
The Debt Arrangement Scheme (DAS) has seen an increase in approved Debt Payment Programmes (DPPs).
StepChange reports that the cost of living remains the primary reason for debt as of June 2024.
The ABI has highlighted improvements in products for vulnerable consumers under the Consumer Duty.
The FLA reports a 3% growth in second charge mortgage new business volumes in June 2024.
Mortgage and landlord possession claims have increased as per the latest Ministry of Justice data.
The upcoming FCA policy team meeting on August 14 will discuss the CONC 8 review.
Digital DRA event is scheduled for 5/9/2024 at 10 am.
Consumer Support webinar on identifying an...
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