Industry updates from the DRF team.
The Financial Services Authority has asked for input in a new survey for research into Consumer Credit Licensees’ activities in order to help form a new regulatory regime.
Continue reading the "OFT Survey of Consumer Credit Licensees" »
The Office of Trading announces their revised guidance for fee-charging debt management companies surrounding internet marketing
Continue reading the "ATTITUDE TO INTERNET MARKETING BY DEBT COMPANIES" »
DRF have welcomed the new guidance by OFT which formalises current good practice and provides clearer and more specific guidance for debt management companies.
Continue reading the "FEE-CHARGING DEBT MANAGEMENT TRADE BODY, DRF, WELCOMES NEW OFT GUIDANCE" »
DRF have welcomes the Business Innovation and Skills Select Committee’s report on Debt Management which focuses on the regulation of consumer debt.
Over 60 members & representatives of the creditor community attended the event held by DRF in February, an electronic copy of the presentation is available.
Continue reading the "DRF Money Advice Service and OFT event" »
Paymex have found that Nominees’ and Supervisors’ fees in a consumer IVA were exempt supplies. The implications of this decision has been published to help guide those affected.
DRF sent a representative to the BIS Select Committee to represent the fee-charging industry.
Continue reading the "DRF Representative Speaks at the BIS Select Committee" »
The advice which is existing according to DRF, Yvonne Forvargue introduced the rule in the house of commons to ensure all fee-charing companies comply.
Continue reading the "DRF responds to Yvonne Forvargue, MP, on recommending free debt advice." »
A first draft in response to the Office of Fair Trading’s consultation on revised debt management guidance. DRF outlined the implications for the future.
Continue reading the "DRF Response to OFT Debt Management Guidance" »
After DRF input earlier in the year, OFT released a formal response which means members may under certain conditions retain funds for more than 5 days
Continue reading the "Debtors Who Make Weekly Payments – How Should Distributions Be Made?" »
