Page 2 - Financial Difficulty News Today

A nest containing live rats and weeds growing from a vehicle’s bodywork were among the discoveries of a Trading Standards investigation into used car retailers.

This September, famed Purdue and New Orleans Saints quarterback, Drew Brees released a video to help promote the UWGL 2022 Campaign.

The Financial Conduct Authority says seven lenders have agreed to pay £12m in compensation to nearly 60,000 customers to correct repayment agreements that were “unaffordable and unsustainable”, in the wake of the pandemic and the cost-of-living squeeze.     The watchdog has also told a total of 32 mortgage and

Pawnbrokers are the only lending provider deemed worse than motor finance at assessing customer vulnerability as UK households feel the impact of its cost-of-living crisis, an FCA report suggests.

Investegate announcements from Non-Standard Fin, Unaudited Half Year Results to 30 June 2022

The majority of people living in the Netherlands are budgeting more carefully in July 2022, due to inflation, which is causing a sharp rise in prices.

In the context of its ongoing Borrowers in Financial Difficulty project, the FCA has published a research report that suggests there’s scope for more and better engagement by lenders...

Sheldon Mills, executive director of consumers and competition at the FCA, told the PA news agency the organisation and lenders have to be proactive.

<p><span>The Financial Conduct Authority (FCA) and MoneyHelper are urging consumers to get help as soon as possible if they are struggling financially because of the rising cost of living. </span></p>

The FCA has published a portfolio letter on its supervisory strategy that it has sent to Mainstream Consumer Credit Lenders (MCCLs). This follows on from its previous review of the MCCL...