Credit, Collections & Insolvency News
The Financial Conduct Authority (FCA) has outlined proposals to ensure that firms provide tailored support to mortgage borrowers who continue to face payment difficulties due to coronavirus. During the initial phase of the pandemic, payment holidays provided mortgage borrowers with immediate and temporary support. They have helped millions of consumers through the immediate impacts of…
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Sub-prime lender, Provident Financial has revealed its made an adjusted pre tax loss of £32.6 million for the first six months of the year to 30th June 2020 The group includes Vanquis Bank, car finance provider Moneybarn and a consumer credit division (CCD) comprising Provident home credit and Satsuma. The impact of lockdown and the…
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Brazil’s economy is forecast to contract by more than 6% this year with business insolvencies up by 20%, reveals leading trade credit insurer Atradius in its updated country reports. The new County Report details how the current economic decline has put an end to the modest economic rebound Brazil has experienced since 2017 following its…
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Retail employment fell at the fastest rate since February 2009 in the year to August, with an even sharper decline anticipated in the year to September, according to the CBI’s latest monthly Distributive Trades Survey. The survey which features 63 retailers among its 128 respondents, also showed a slight fall in retail sales on a…
Read moreInformation and insights provider TransUnion’s latest quarterly analysis of global online fraud trends found that fraudsters are decreasing their schemes against businesses but increasing COVID-19 focused scams against consumers online. TransUnion came to its conclusions about fraud against businesses based on intelligence from billions of transactions for more than 40,000 websites and apps contained in…
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Commercial debt solutions provider, Azzurro Associates has announced the appointment of Stefan Acklam as Finance Director. Acklam has more than 20 years’ expertise in Financial Services in the UK and US, having recently been Finance Director for a well-known Challenger Bank, supporting the business through its Prudential Regulation Authority (PRA) approvals and successful multi-million-pound fund…
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