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A third party independent impact assessment group has been formed to consider the impact of implementing recommendations on debt management made by a Parliamentary committee. The group was formed by members of the Debt Managers’ Standards Association (DEMSA), to assess how the sector can best address the recommendations of the Business Innovation and Skills (BIS) committee report into debt management in a way which is both effective for consumers and sustainable for firms. It follows a summit held yesterday involving all DEMSA members to assess BIS committee recommendations, which include greater transparency over the cost and outcomes of debt advice, the phasing out of up front fees and effective auditing and protection for client accounts....Read more here--: DEMSA launches impact assessment on BIS report
Prvious Blog Mar 2012:
BIS Debt Management report welcomed by CFA BIS Debt Management report welcomed by CFA - allaboutFORUMS
Previous Blog Nov 2011:
DEMSA imposes sanctions on member DEMSA imposes sanctions on member - allaboutFORUMS
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