Credit, Collections & Insolvency News
The Financial Conduct Authority (FCA) has proposed an extension to a ban on repossessions until April. The updated guidance on mortgages and consumer credit repossessions. follows a November announcement on further support for mortgage and consumer credit borrowers experiencing payment difficulties as a result of the pandemic. This included guidance for firms on the treatment of…
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According to KIS Finance’s financial survey, only 31% of adults in the UK could correctly identify what an APR (Annual Percentage Rate) is, including its purpose and how it should be used. Whilst 68% of credit card holders don’t know what an APR is, bearing in mind that the APR is undoubtedly one of the…
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Nationwide Building Society is to lead an expanded cross-sector group that will see major brands joining civil society to help the UK recover and rebuild in the wake of Brexit and Covid-19. It comes as the building society launches new research alongside Ipsos MORI that sets out the scale of the challenge in helping the…
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Former Chairman of the CCUA, Amir Ali, has become the inaugural President of the Professional Paralegal Register (PPR), a not-for-profit organisation that provides regulation for Paralegals. Ali has over three decades of experience in both Legal and Enforcement sectors and as the inaugural President is calling for recognition of the only organisation offering independent regulation…
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The Government has launched a new consultation which is launched aimed at extending debt solutions and helping vulnerable people in financial distress get a fresh start. The proposals have been outlined by the Government to increase the financial eligibility criteria for debt relief orders (DROs), helping more people deal with financial difficulties to get a…
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