Debt and the Nation

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Debt and the Nation

• Comments by Martin Hall

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Household debt (1)
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Household debt (2)
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Household debt (3)
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Lenders are fully engaged

• Congratulations are in order
• 100 industry commitment
• All those who benefit from lending have a
  responsibility to contribute to solving related
  problems

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Never have so many..

• An impressive list of actions
• Many pies, many fingers
• No panacea
• The end of the beginning
• Robust framework for the future
• Holistic, Sensitive, Flexible

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Preventive medicine

• Financial capability
• Responsible lending the gaps
• Student loans
• Full data sharing
• ability to repay
• Generic advice
• Catching them early

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If the worst comes to the worst.

• Joined- up Money Advice
• Gateway
• Web safety net
• Face to face is crucial
• Telephone suits many and relieves
• pressure on face to face

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The legal framework

• CCA review
• SIs time to bite the bullet
• Keep regime under review
• Fairness in lending
• Careful consultation process
• Rising rates, febrile politics

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Industry codes

• FLA Lending Code continuous updating
• OITF recommendations included
• Real industry support for codes
• Hope OFT not too prescriptive
• Industry redress schemes/FOS
• Court as last resort