What you need to know this week
Ofgem has set the energy price cap at £1,717 starting from 1st October 2024, reflecting a 9.5% increase.
StepChange reports ongoing difficulties for households managing energy bills despite recent price falls.
Changes to Winter fuel payments will affect over 10 million older people, removing a £300 benefit.
Research indicates significant struggles among older people in managing water bills.
AI reliance could increase vulnerabilities to cyberattacks and data breaches.
The UK Finance Annual Mortgage Conference emphasised the need for supporting vulnerable customers.
Enforcement remains the last resort for unpaid traffic penalties, as highlighted by CIVEA.
Personal insolvency statistics for July 2024 show a noticeable increase in DROs following eligibility adjustments.
The debate on automating DRO eligibility assessments for efficiency is under discussion.
AI's role in data protection within the generative AI supply chain is a priority for the ICO.
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