April 2017

Financial Conduct Authority clarifies its future interventions in financial market

The FCA has published its Mission and Business Plan for 2017/18 

 
The independent financial public body has announced that next year, amongst other things, it will focus on credit- specifically examining the issue of vulnerable consumers, high-cost credit and the difficulties around long term savings and retirement. 
 

Is this the end for long-term minimum credit card repayments?

New measures to encourage consumers to pay back credit card debt more quickly

 

The Financial Conduct Authority (FCA) is proposing new rules for consumers who are in “persistent” credit card debt. 

 

New project looks at how debt affects relationships

New resource for debt advisers to help couples struggling with debt

 
Research charity OnePlusOne has worked with Debt Advice Foundation and other debt charities to explore how being in financial difficulties can also put pressure on relationships, leading to the launch of the Debt and Relationships Project.