Credit, Collections & Insolvency News
New figures released by the Finance & Leasing Association (FLA) show that the number of second charge mortgage repossessions in Q3 2019 was 25, 30.1% lower than in the third quarter of 2018. The rate of second charge mortgage repossessions (as a percentage of outstanding agreements) was 0.06% in the twelve months to September 2019.…
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The Cambridge Building Society has announced Peter Burrows as its next Chief Executive Officer. Stephen Mitcham, the Society’s Chief Executive Officer for the past 12 years announced his decision to step down earlier in the year to spend more time with his family and pursue other interests. With 20 years’ experience in financial services gained…
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ClearScore has announced that it has selected Credit Kudos to develop its new open banking powered eligibility solution for products including mortgages, credit cards, and loans. The launch will make a significant difference to thousands of people that currently are either unable to access credit or loans, or are forced to use high-cost options. Through…
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A new payment security report by Verizon, has highlighted the disappointing drop in compliance with the Payment Card Industry Data Security Standard (PCI DSS) for the second year in a row. Compliance now stands at just 36.7% worldwide. With Card-Not-Present fraud set to reach £680m in the UK by 2021 and the findings of this…
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New research from TSB shows that a quarter (24%) of UK consumers who have shopped on Black Friday or Cyber Monday say they have experienced attempts at fraud during the weekend sales in the past. TSB’s research shows that only one in ten (14%) think about whether a website appears fraudulent when shopping in these…
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Halifax has announced that its customers can now benefit from a service feature to protect themselves from gambling-related harm. The gambling card freeze, which is a feature of the banks’ mobile app, was developed in recognition of the ways in which the bank can support customers to manage their money and gamble responsibly. Halifax is…
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