Seminar on FCA’s Credit Card Market Study – interim report

On 9 December 2015 the APPG held a meeting to discuss the Financial Conduct Authority’s credit card market study.

At a well-attended meeting, the Group heard first from Mary Starks, who is Director of Competition at the FCA and responsible for the Study. While she said that the market was working ‘fairly well’ for consumers, she raised concerns over the extent of unaffordable credit card debt. Continue reading

APPG Financial Fair

On 14 July 2015 the APPG held a Financial Fair, a drop-in event for MPs and Peers to find out more about organisations helping people to manage their money and deal with financial problems. Guests speakers included Treasury Minister Damian Hinds MP and Martin Lewis, Editor of MoneySavingExpert.com.

Seminar on ‘A fairer energy market for vulnerable consumers’

On 17 June 2014 the APPG held a joint meeting with the Fuel Poverty and Energy Efficiency APPG to discuss how well the energy market works for vulnerable consumers. 

Marilyn Price of Stratford-upon-Avon CAB spoke first. She explained PPM users pay higher energy prices and often endure the loss of energy supply. Many feel the information suppliers provide on fuel costs was poor, making it difficult to manage money well. Continue reading

Seminar on debt and mental health – Mental Health Awareness Week

On 13 May 2014 the APPG held a joint meeting with the Mental Health APPG on debt and mental health as part of Mental Health Awareness Week 2014.

MoneySavingExpert.com’s Martin Lewis opened by urging lenders not to disenfranchise those with mental health problems. He said borrowers need the option to constrain their credit use during periods of acute symptoms. This includes an automatic card block in response to unusual spending patterns – which a trusted friend could then unlock.  Continue reading