News & Views

News

CfRC and Debt Justice respond to proposals for a Statutory Debt Repayment Plan

CfRC and Debt Justice have today submitted a joint response to HM Treasury's proposals for the Statutory Debt Repayment Plan ('SDRP').
News

A new direction in the measurement of household debt burdens

The Bank of England's latest Financial Stability Review uses a new measure of household debt burdens, designed to take account of cost-of-living pressures. We provide our assessment, arguing for greater transparency concerning its method of calculation. At present, the Bank may be underplaying the financial stability risks associated with household debt and further interest rate rises could compound this further.
News

What role does credit have in the cost-of-living crisis?

As the cost-of-living crisis deepens, Executive Director, Damon Gibbons, questions whether credit expansion to households is part of the solution, or whether it would be better to extend help to service providers in return for commitments to keep prices down.
News

What does good relending look like?

The Financial Conduct Authority ('FCA') is in the final stages of consulting on its proposals for a new Consumer Duty, which focuses on ensuring improved outcomes for users of financial services and products. In this briefing we consider how the proposed duty could help to address long-standing problems associated with ‘relending’ in the UK’s consumer credit markets.