What you need to know this week
- The Bank of England reduced interest rates to 5%.
- Lenders report expecting higher default rates on home loans.
- National Debtline highlights financial struggles affecting UK adults.
- FSCS paid £423m in compensation in its annual report for 2023/24.
- New research by MaPS stresses the impact of digital money on financial education.
- Updates to Debt Relief Orders (DROs) now in effect.
- FCA webinar on Consumer Duty reviewed one year after its introduction.
- ICO emphasizes the importance of responsible data sharing.
- The Gambling Commission launches a significant gambling survey.
- Registry Trust reports a decrease in judgments against consumers.
- FCA extends complaint handling rules for motor finance.
- Credit union stats show significant changes in financial metrics for 2023.
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