Dormant Assets Scheme news and trends

Quick Reads
UK Government, Lenders Cooperate on Interest-Free Loans

August 15, 2023
Amid the current cost of living crisis in the United Kingdom, some commercial lenders have joined forces with the British government to offer interest-free loans to high-risk borrowers. The government is funneling 45 million pounds ($57 million) from its Dormant Assets Scheme — previously set aside to redirect money from forgotten accounts to good causes […]