The charity behind National Debtline has today responded to the Governments decision to row back on plans to bring insolvency firms under independent regulation, calling the decision disappointing.
The Money Advice Trust, which runs the free National Debtline and Business Debtline advice services, warns that todays changes do not go far enough to protect people in financial difficulty from harmful practices.
Highlighting the impact poor practice in the personal insolvency market has for people experiencing problem debt, the charity is now calling for rules to ensure people receive FCA-regulated debt advice before being able to enter an individual voluntary agreement (IVA).
David Cheadle, acting chief executive at the Money Ad…
Read the full article at: https://www.politics.co.uk/opinion-former/press-release/2023/09/13/shelved-plans-for-independent-insolvency-regulator-disappointing-says-debt-advice-charity/