Credit, Collections & Insolvency News
For debt purchasers, such as Cabot, Arrow Global and 1st Credit, the relationship between purchases of portfolios and the revenue which arises from them is subject to time lags and variations depending on quality of debt, collections environment, regulations and other factors. This makes debt purchase a complex industry for outsiders to analyse and adds…
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Over the past decade we have witnessed significant commercial and regulatory changes in the financial services sector generally, but in the last 5 years especially, we have seen the particular focus placed on Consumer Credit. The mortgage sector has seen major changes through the MMR and more recently the EMCD. Other forms of consumer credit,…
Read moreLast month the Financial Conduct Authority (FCA) published an update, as part of their review of High-cost credit. In the update, the FCA outlined key areas of concern with the sector, including arranged and unarranged overdrafts, rent-to-own, home-collected credit and catalogue credit. The regulator has also continued to gather evidence from firms and its consumer…
Read moreEsme Loans has joined a handful of leading alternative finance firms in a partnership with a NatWest and Royal Bank of Scotland (RBS) programme designed to help businesses access alternative sources of finance. Esme Loans, a digital lending platform owned and backed by NatWest, allows small and medium-sized businesses to quickly obtain unsecured loans of…
Read moreAccording to new research by Visa, household spending fell by 1.2 percent in January, compared to a year ago. This is the first time there has been such a decline since 2013 Mark Antipof, Chief Commercial Officer at Visa, commented “Consumer spending entered the New Year on a downbeat note, falling for the eighth time in…
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The Office for National Statistics has published its latest UK consumer price inflation figures showing the Consumer Prices Index was at 3% in January 2018, unchanged from December 2017. Jane Tully, director of external affairs at the Money Advice Trust, the charity that runs National Debtline, said: “Inflation remains high at three percent with wages…
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