Credit, Collections & Insolvency News
Fraud specialist, Cifas has warned organisations to protect themselves against the risk of internal fraud and theft over the busy Christmas period. During this time, many organisations hire temporary staff to cope with increased demand, particularly in the retail, warehousing, and delivery sectors, meaning organisations need to ensure they are taking steps to guard against…
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New research from Nucleus Commercial Finance found that an overwhelming majority (96%) of consumers not only support their local independent businesses, but nearly two-thirds (63%) of those have made a conscious effort to do so since the pandemic started earlier this year. The research indicates that the pandemic has had a significant impact on the…
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A recent financial survey by KIS Finance has revealed that 43.2% of consumers anticipate having to take out some kind of credit facility before the end of this year. The company says that Christmas is already an expensive time of year and scammers know that many people struggle financially and turn to borrowing to get them through. With…
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One in seven (14%) of people have fallen behind on essential bills, including energy, water, mobile phone and broadband bills, council tax, rent or mortgage payments, the equivalent of seven million people in the UK, according to new research from Citizens Advice. A poll of 6,004 people, conducted by ICM Unlimited for the charity, also…
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The Financial Conduct Authority (FCA) has appointed Sheldon Mills as the new Executive Director, Consumers and Competition, and Siobhán Sheridan as Chief People Officer. The Executive Director, Consumers and Competition post was created last month when it was announced that the FCA’s two existing Supervision divisions would be brought together and merged with the policy…
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