Debt news – 14 March 2021 · Debt Camel

A various week, from the Chief Ombudsman resigning to a few attention-grabbing court docket choices. Best news of the week – Law for extra reasonably priced faculty uniform might be in position by means of get started of autumn time period – even supposing Tories are calling for it to be not on time.

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Debt news

Financial Ombudsman:


How do we define “consumers in vulnerable circumstances”? Blog from Citizens Advice Energy coverage supervisor: I feel a unmarried definition of vulnerability throughout crucial products and services throughout regulators would toughen our paintings to design markets which might be honest for all. 

Benefits freeze will leave tenants across Britain facing rent arrears of £1,000 Guardian: The March 2020 funds restored the [LHA-rent] hyperlink to the thirtieth percentile, with way more renters absolutely coated by means of receive advantages in consequence, however the brand new freeze, which has been introduced for 12 months, will erode it once more.

You are not alone – Guide to surviving economic abuse A brand new virtual information.

Court instances:

  • Blemain Finance Limited  Consumer credit score litigation weblog: The court docket concluded that the hobby variation clause used to be unfair as a result of there used to be no means a client may be able to figure out with any sure bet how or when their hobby would possibly range. The Court additionally dominated that the costs had been unfair. Any debt advisers that would really like a duplicate of the judgment, let me know – it can be helpful in identical eventualities with different weak credit secured lenders however this can be a county court docket case, so now not a precedent.
  • CA Judgment in ‘Potter’: PPI and Limitation Gough Square Chambers weblog – Court of Appeal upholds Canada Square v Potter judgment, so the 6 12 months Statute of Limitations didn’t run in this Plevin-style PPI case.

Benefits & different news

Law for more affordable school uniform could be in place by start of autumn term Mirror: Law will permit suffering mums and dads to make a choice the place they purchase equipment as an alternative of being compelled to make use of monopoly providers tied to ­explicit colleges


Football Index: A community in ‘grief’ as users seek legal action after feeling ‘conned’ by the platform iNews: Users inform i how they had been bought a dream by means of the self-styled ‘football stockmarket’ however have misplaced 1000’s now it has long past into management

Greensill Capital collapse shows City watchdog needs shake-up, say MPs Guardian: MPs query how FCA may let Greensill perform unchecked in UK, claiming regulator is failing to offer protection to corporations and buyers

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