What you need to know this week
Roma Pearson, former Director of Consumer Finance at the FCA, joined Square 4 Partners as Senior Advisory Director.
Net mortgage borrowing by individuals rose sharply to £13 billion in March 2025, per Bank of England data.
Net borrowing of consumer credit fell to £0.9 billion, with credit card borrowing dropping to its lowest level since April 2024.
Citizens Advice published Deeper in Debt, reporting a 50% rise in household arrears since 2019 and calling for urgent reform.
FCA has published an AI Live Testing proposal, seeking feedback by 10 June 2025.
The third iteration of the UK Finance Financial Abuse Code highlights the role of firms in economic abuse prevention.
Equifax UK’s Financial Health Report 2025 focuses on earlier debt engagement and consumer vulnerability.
Retailers including M&S and Co-op were impacted by cyberattacks, prompting NCSC and ICO interventions.
Utility sector event held on 30 April 2025 in Manchester addressed PSR enrolme...
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