- The Bank of England has maintained the interest rate at 5.25%.
- Inflation is predicted to drop to the Bank’s 2% target soon.
- StepChange reports a rise in UK mortgage holders using additional credit.
- Mortgage Charter review and PS24/2 implementation are upcoming.
- UK Finance reveals a 3% rise in mortgage arrears for Q1 2024.
- The ECB has released its business plan for 2024-25, focusing on setting standards for the enforcement industry.
- The FCA highlights key areas of focus for ARs acting as credit brokers.
- Motor finance sector faces scrutiny with the FCA investigating Discretionary Commission Arrangements.
- Financial complaints have increased by 20%, predominantly driven by CMCs.
- SCOR has updated its Principles of Reciprocity for the Betting & Gaming sector.
- Collaborative initiatives between digital finance platforms and community-based advice are underway.
- New webinar and event opportunities are available for professionals in consumer credit and insolvency.
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