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Empowering victim-survivors on their journey from economic abuse to financial independence.
This report covers coerced debt, separation of joint secured debt and abusive faster payment messages; three complex issues which can prevent victim-survivors from reaching their financial goals and achieving financial freedom.
Taking each of the issues in turn, the report explores the current situation, the challenges faced by key stakeholders and the recommendations for future action.
Preventing financial services products from being used as a form of control and economic abuse continues to be a key priority for UK Finance and members of the Domestic, Financial and Economic Abuse Working Group and Vulnerability Committee.
The Safeguard Recommendation Report forms part of the strategic commitment UK Finance members made to the Financial Secretary to the Treasury, at the round-table on Tackling Economic Abuse in July 2023.
PDF: 2 MB
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