Debt news – 4 April 2021 · Debt Camel


The merchandise that isn’t on this week’s debt news – no announcement but from the Insolvency Service about adjustments to DRO limits.


Tweet of the week


Debt news

MILLIONS of drivers whose cars were towed away since 1991 could claim back fines because laws were left off the statute book for 30 years Mail: Powers to price motorists for disposing of and impounding automobiles have been presented in 1984 however have been ‘inadvertently removed due to a drafting error’ in 1991 – and nobody spotted till now. Those who paid the consequences could possibly take felony motion.

Amigo:

Woolard Review of unsecured credit: preliminary thoughts Academic weblog: Media protection of the new Woolard Review right here of unsecured credit score has centered totally on its suggestions for law of the purchase now pay later sector. Here are some preliminary reactions to different tips within the Review.

(*4*) Times Money column (paywall): Readers must watch out for this gaping hollow in Section 75 coverage… for those who use your bank card to shop for a gift, a vacation for a gaggle of pals or a automotive this is registered for your kid’s identify, you are going to no longer have the ability to declare money back below Section 75 if the object malfunctions or isn’t delivered.

Buy now, pay later – when you’ve sent it back? Resolver: Of the greater than 17,500 proceedings Resolver has observed about ‘Buy Now, Pay Later’ credit score preparations, multiple in 10 referenced problems when returning pieces.

Mortgages:

MPs call on govt to pay rent arrears for struggling tenants FT Adviser:  the Housing Communities and Local Government committee … advised serving to tenants pay hire arrears because the “simplest and most straightforward” strategy to steer clear of evictions and lend a hand landlords obtain source of revenue, with the prospective price of as much as £300m.

Benefits & different news

Benefits:

How do we fix the UK housing crisis? Guardian: 6 mavens give their perspectives.

Mastercard fined £31m for breaching competition law BBC: The Payment Systems Regulator used to be arrange in 2015 to supervise the marketplace for digital bills. It alleges that from 2012 to 2018 the cardboard suppliers agreed no longer to check out and poach every different’s shoppers, or compete when bidding for native authority contracts.

Betting group Entain promises to set limits for problem gamblers FT (paywall): UK playing team Entain has stated it’ll restrict having a bet for drawback gamblers and impose computerized credit score tests because the business rushes to give a boost to buyer coverage and fend off tighter law.





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