What you need to know this week
BNPL Usage and Data Access: 33% of UK consumers have used BNPL products, with CRAs like Experian and Valid8 IP offering API data blocks.
FCA "Dear CEO" Letter: Addressed to regulated firms about closed products, urging debt buyers to consider implications.
Vulnerability Surveys: Firms that completed surveys by 14 May will find content on financial vulnerability and consumer duty relevant.
Reshaping Energy Sector Role: Discussions focus on problem debt in the energy sector with proposals for fairer funding models.
Telecoms Debt Advice: Ofcom research shows 83% of telecom customers seek debt advice directly from their providers.
Homeowners in Problem Debt: Recent blog post addresses the impact of interest rates and inflation on homeowners.
Volume IVA Provider Event: Held on 15 May 2024 in Manchester, discussed equity treatment in IVAs.
Individual Insolvency Statistics for April 2024: Release on 18 June will update on insolvency trends.
Breathing Space Reg...
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