Callcredit has launched a new and unique multi-bureau data solution in Ireland. Recently acquired by TransUnion, which has offices in Cork, Callcredit is already partnering with leading Irish businesses to help them make more informed assessments of consumers’ affordability and risk when it comes to providing credit. Combining data from multiple sources, including the Irish…

New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 10% in May, compared with the same month in 2017. New finance for plant and machinery grew in May by 4% compared with the same month in 2017, while the commercial vehicle…

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have published a joint discussion paper on an approach to improve the operational resilience of firms and financial market infrastructures. The paper follows the payments chaos which followed a hardware failure at Visa that hit millions of transactions across Europe in June,…

Low market interest rates for a long time could have implications for financial stability as well as for the health of individual financial institutions, a report by the Committee on the Global Financial System finds. Financial stability implications of a prolonged period of low-interest rates identifies channels through which a “low-for-long” interest rate scenario might affect the health…

EDF Energy’s has announced that it is raising the price of its Standard Variable Tariff (SVT) by 6%. This follows a previous price rise of 1.4% announced in April Responding to the news Gillian Guy, Chief Executive at Citizens Advice said “This price rise is a bitter blow for loyal EDF Energy customers, who will be dismayed to…

Hampshire Trust Bank has announced that it has appointed of Charles McDowell as Managing Director of the Banks’s Specialist Mortgages Division with effect from 1 October 2018. McDowell has worked for Aldermore Bank since 2014, latterly as Commercial Director (Mortgages). He started his career at Deloitte. Charles will sit on HTB’s Executive Committee and will…

New research by credit experts TotallyMoney suggests consumers will pay an estimated £23.8 million solely on interest and transaction fees from using credit cards to gamble on 2018’s World Cup. Credit card payments used for gambling are treated by lenders as a cash advance. This usually means the borrower is charged a transaction fee, a…