What you need to know this week
UK card transactions surpassed £1 trillion in 2024, with an increase in both the number of transactions and cards issued.
The FCA outlined a 5-year strategic focus including smarter regulation, economic growth support, enhanced consumer navigation in financial decisions, and intensified efforts against financial crime.
Consumer Duty rules have been fully implemented, prompting quick regulatory changes to reduce costs and support consumer outcomes.
The Spring Statement 2025 highlighted a bleak outlook for UK households facing higher taxes and living costs.
New IVA protocol adjustments aim to provide greater assurance for homeowners and a more streamlined process for dealing with debts.
The Financial Ombudsman Service plans to resolve 270,000 cases in FY 2025/26, a 20% increase from the previous year.
Aryza’s collaboration with StepChange and the Vulnerability Registration Service emphasises the importance of partnerships in the debt management sector.
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