Consumer spending increased in August

10th September 2020 Consumer Collections |

Consumer spending grew 0.2 per cent year-on-year in August – the first uplift since February 2020 – as Brits enjoyed the last of summer by socialising and holidaying in the UK. Data from Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, has revealed that spending on essential items grew 5.1…

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FCA appoints new Complaints Commissioner

10th September 2020 Consumer Collections |

The Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Bank of England have today announced the appointment of Amerdeep Somal as Complaints Commissioner. The Commissioner will oversee the final stage of investigations into complaints against the FCA, PRA and the Bank. The role is independent from the three organisations. Somal will replace…

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