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Monthly Regulatory Summary: UK 2025 May

A monthly summary of regulatory developments in the UK. A pdf version and copies of the weekly update can also be found here. Summary Headlines and Activity Summary Headlines and Activity Financial Conduct Authority (FCA): Introduced new consumer credit regulatory returns (Policy Statement PS25/3) to streamline data collection from credit brokers, debt counsellors, and debt adjusters. The return replaces two existing reports (with four more to be consolidated later) and cuts 28% of initially proposed questions after industry feedback. The FCA is also updating… Read more

KEY THEMES+ ¦ DEMSA Summary

What you need to know this week Inflation rose to 3.5% in April 2025, up from 2.6% in March, impacting household budgets and potentially delaying interest rate cuts. FCA’s CP25/13 proposes aligning complaint reporting to calendar year-end and includes new categorisation rules for Consumer Duty and Vulnerability. Individual insolvencies for April 2025 reached 10,012, including 5,586 IVAs and 3,837 DROs. 7,273 Breathing Space registrations in April 2025, a 5% year-on-year decrease. New rules will bring Buy Now Pay Later (BNPL)… Read more

KEY THEMES+ ¦ DEMSA Summary

What you need to know this week The Government will launch a consultation on council tax debt collection practices following sector lobbying. UK GDP grew by 0.7% in Q1 2025, with 0.2% month-on-month growth in March. Domestic abuse estimates highlight 3.9 million people affected in the past year, with economic abuse and coerced debt in focus. 90,140 homeowner mortgages were in arrears in Q1 2025; 2,030 properties were repossessed. The Money and Pensions Service (MaPS) has launched a consultation on… Read more

KEY THEMES+ ¦ DEMSA Summary

What you need to know this week The Bank of England cut the Bank Rate by 0.25% to 4.25%, impacting tracker mortgages. FCA launched CP25/11 consultation to simplify mortgage changes. FCA published PS25/3 confirming new Consumer Credit Return (CCR009) reporting requirements from 2025. Aryza’s Q1 2025 insolvency insights highlight increasing consumer struggles with priority bills. FOS received over 141,000 complaints in H2 2024, with gambling-related harm cases rising. Treasury Select Committee examined AI in financial services, focusing on balancing innovation… Read more

KEY THEMES+ ¦ DEMSA Summary

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… Read more

Monthly Regulatory Summary: UK 2025 April

A monthly summary of regulatory developments in the UK. A pdf version and copies of the weekly update can also be found here. Summary Headlines and Activity Financial Conduct Authority (FCA) FCA launched its 2025/26 work programme emphasizing innovation (e.g. expanding the Regulatory Sandbox) and responsible AI use. The FCA’s new AI testing service (part of its AI Lab) is in development to help firms deploy AI safely. It also updated the cross-regulator Regulatory Initiatives Grid to map upcoming rules.… Read more