Credit, Collections & Insolvency News
New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes fell by 52% in August 2020 when compared with last year. Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer & Mortgage Finance at the Finance & Leasing…
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New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) fell by 18% in August 2020 compared with the same month in 2019. In the first eight months of 2020, new business decreased by 30% compared with the same period in 2019. The…
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Almost three million households owe £188 million to their energy suppliers before winter has even begun, half a million more households than 2019 according to the latest winter energy debt research from Uswitch.com. The jump in the number of homes in debt comes at a time when energy accounts should ideally be in credit after…
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Machine learning and biometrics predicted to be a key in the fraud battle according to Equifax The company says that lenders can fight back against fraudulent credit applications in a challenging COVID-19 landscape. Keith McGill, Head of ID & Fraud at Equifax said “Businesses and consumers are grappling with an amalgam of new fraud and…
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The UK’s economic recovery faltered in September due to the Eat Out to Help Out scheme ending and the renewal of lockdown restrictions. Business profits remained unchanged from a month earlier, down 21 per cent, while businesses on average reported that profits were down 42 per cent on what they would normally expect for the…
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International technology-led services and payments specialist EQ (Equiniti Group), has announced that seven of its services have been approved as suppliers for the Government’s G-Cloud 12 framework. EQ’s digital capabilities, which are provided by its specialist division EQ Digital, have been a permanent fixture on the G-Cloud framework since its inception in 2012. The G-Cloud…
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Business decisioning data specialist Dun & Bradstreet has announced that it has entered into a definitive agreement to purchase the outstanding shares of Bisnode Business Information Group, a European data and analytics firm for $818 million, Uaid Anthony Jabbour, Chief Executive Officer at Dun & Bradstreet said “We are pleased to bring Bisnode into the…
Read moreGlobal information and insights provider TransUnion has extended its fraud and identification offering with a new Document Verification and Facial Recognition solution, to help combat the increasing rise of identity fraud. Shail Deep, Chief Product Officer at TransUnion said: “Over the past five years, identity fraud cases have risen by 32% according to Cifas and…
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