moneysupermarket.com: Regulation for IVA providers

Commenting on the BBA's introduction of regulation for IVA providers, Tim Moss, head of debt at price comparison site moneysupermarket.com, said: "With consumer confidence and spending power falling, the introduction of voluntary regulation to the IVA market is a welcome move. People need to feel confident they are being treated fairly and the increased transparency and security this code will bring can only help alleviate consumers' fears.

"However, this code should only be seen as the start. In today's economic climate, compulsory regulation should be introduced. This shouldn't be a problem for the industry if it believes in treating customers fairly."