Around 7,000 people across the UK are expected to be victims of credit card fraud this Cyber Monday, with about £6 million of transactions estimated to be vulnerable to fraud, according to comparethemarket.com. comparethemarket.com’s estimates are based on data from its Credit Card Fraud Index and assumptions around the uplift of online transactions on Cyber…

As consumers get ready to hit the shops to buy their Christmas presents – be that on the high street or online – three in four plan to do so with a specific budget in mind. However, research by Lloyds Bank has shown that, despite their good intentions, nearly half (48%), still expect to overspend.…

The Specialist Engineering Contractors’ (SEC) Group (representing the largest sector in UK construction by value) has said that amidst a deteriorating picture of payment abuse and insolvencies in the construction industry, that it will be writing to all the parties on 13th December seeking their support for new payment legislation. SEC Group’s CEO Rudi Klein…

The Central Bank of Ireland has today published a Financial Stability note written by Jane Kelly and Elena Mazza, which uses Irish microdata to show that since 2008. The note says that the resilience of borrowers has improved, in terms of monthly serviceability of mortgage relative to income (MSTI). The purpose of the note is…

Bank of England (BOE) figures show consumer debt levels rose to an all-time high of £225 billion last month, increasing by £1.3 billion between September and October according to the BOE’s latest statistics. The net flow of consumer credit was above the £1.1 billion average since July 2018. The figures reveal that banks and building…

The Financial Conduct Authority (FCA) has confirmed that Active Securities trading as 247 Moneybox, have been placed into administration. Active Securities a high-cost short term lender (payday lender). In a statement that appears on the website, the company said that all existing loan agreements remain in place and will not be affected by the proposed…

New research by American Express has suggested that seasonal spending will hit £75 billion this Christmas The research has predicted that consumers plan to spend on average £1,522 each this festive season. As a nation, this comes to more than £75 billion being spent on everything from presents to parties. The top three costs this…

LendingMetrics’ clients will soon be able to use WPS Analytics for data processing and advanced predictive analytics. The provider of multi-award winning auto-decisioning platform ADP has partnered with the company behind WPS Analytics – UK-based World Programming – to give users access to a heavyweight suite of data processing and analytics tools. ADP already has…