In November 2022, the FCA identified several serious failings with the current system of credit information reporting. These included poor governance arrangements, systemic inhibitors to innovation, and a lack of comprehensive and accurate reporting. In this blog, we provide our reflections on the FCA's proposed remedies and argue that fundamental changes are needed to the types of information being collected and reported.

Today’s announcement that the energy price cap is to rise by 80%, risks a 'Winter of Despair' for low to middle income households. Radical action is now needed to hold down prices, and protect those with prepayment meters in their homes.

The Bank of England's latest Financial Stability Review uses a new measure of household debt burdens, designed to take account of cost-of-living pressures. We provide our assessment, arguing for greater transparency concerning its method of calculation. At present, the Bank may be underplaying the financial stability risks associated with household debt and further interest rate rises could compound this further.

As the cost-of-living crisis deepens, Executive Director, Damon Gibbons, questions whether credit expansion to households is part of the solution, or whether it would be better to extend help to service providers in return for commitments to keep prices down.

The Financial Conduct Authority ('FCA') is in the final stages of consulting on its proposals for a new Consumer Duty, which focuses on ensuring improved outcomes for users of financial services and products. In this briefing we consider how the proposed duty could help to address long-standing problems associated with ‘relending’ in the UK’s consumer credit markets.

The House of Lords will this week debate an amendment to the Financial Services Bill to ensure a “fair debt-write down” is incorporated within Government’s plans for a Statutory Debt Repayment Plan.

How you write your advertising copy will be based on where you will place your ad. If it’s a billboard ad, you’ll need a super catchy headline.

Last year the Centre for Responsible Credit was commissioned by The Commonwealth to provide a discussion paper on rising levels of household debt and how to mitigate its impacts for households and economies.