Demsa

In today’s bulletin: General update IVA Volume Provider Report 2023 Duty event – 7/6/2024 Digital Markets, Competition and Consumers (DMCC) Bill was passed by the UK Parliament on 23 May 2024 Review of Scotland’s statutory debt solutions - Part 3 Scottish Mental Health Moratorium Regulations DORA in the UK: What you need to know To BCC or CC that is the question Collaborations Events General update Ofgem has announced that its energy price cap will drop to £1,568 from 1 July 2024, a decrease… Read more

In today’s bulletin: General update Guest Blog – Meg Van Rooyen from MAT Collaborations Events General update My thanks to Martin Hickley for confirming that the 4th July election means the Data Protection and Digital Information Bill has been dropped. Martin also advised that the UK National Cyber Security Centre (“NCSC”) and 3 major UK insurance associations (Association of British Insurers (“ABI”), British Insurance Brokers’ Association (“BIBA”) and International Underwriting Association (“IUA”)),  have published joint guidance on the approach to… Read more

In today’s bulletin: General update Blog: What is the outlook for homeowners in problem debt? Volume IVA provider event – 15 May 2024 Individual Insolvency Statistics - April 2024 Smarter regulation - 'Share Once Support Register' 10 principles for designing vulnerable consumer data-sharing programmes Collaborations Events General update Under Pressure: Who uses Buy Now, Pay Later (BNPL)? MoneyPlus has featured this Which? report. Both MoneyPlus and Finvence in separate recent research work have highlighted that the type of debt is… Read more

In today’s bulletin: General update The “Make-Or-Break” Moment for Motor Finance: Data Preparation FCA highlights good practices and areas of focus for ARs acting as credit brokers under a Principal firm FOS complaints data including motor finance SCOR publishes latest version of Principles of Reciprocity – Betting & Gaming sector Collaborations Events General update Interest rates & inflation The Bank of England held interest rates at 5.25% for the sixth time in a row with the next update on 20… Read more

Interesting post this week by Frank Brown around the FCA data requests that we covered in the last bulletin. I have had confirmation of at least one large debt solution provider having a data request. Definitely worth a read. Frank reinforces some of my initial thoughts from the last DEMSA bulletin. Extract The FCA announced in March that they were reviewing firms' approaches to the treatment of vulnerable customers. The research process has started, with questionnaires going out to firms.… Read more

In today’s bulletin: General update UK Finance publishes report to facilitate commercial VRP The changing landscape for IVAs and Creditor Voting – virtual event on 1/5/2024 MoneyPlus problem debt event – 24/4 Individual insolvency stats – March 2024 Transforming Data Collection (TDC) Financial Crime is changing – updated FCG ICO warning to firms Collaborations Event feedback General update One in five StepChange clients who are in work unable to make ends meet A new report entitled ‘In work but still… Read more