Credit, Collections & Insolvency News
The Government has announced that it will extend a number of temporary measures brought in by the Corporate Insolvency and Governance (CIG) Act, which were due to expire on 30th April until the end of June. The measures being extended till the end of June 2021: Statutory demands and winding-up petitions will continue to be…
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New card spending data published by UK Finance has revealed that more Christmas shopping was done online in December 2020 than during any previous Christmas, as continued coronavirus restrictions saw people move their festive spending online. Online card spending accounted for 33.8 per cent of the total value of credit and debit card spending in the UK worth over £21.7…
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Dame Clare Moriarty has been appointed Chief Executive of Citizens Advice for England and Wales. She will start on 26th April, taking the reins at a crucial time for the charity as it continues to support millions of people affected by the coronavirus pandemic. A champion of diversity and inclusion, Moriarty was Permanent Secretary of…
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Two in five businesses (39 per cent) and a quarter of charities (26 per cent) report having cyber security breaches or attacks in the last 12 months, according to new figures from the Department for Digital, Culture, Media and Sport (DCMS). The Government’s Cyber Security Breaches Survey 2021 report also shows the cyber risk to organisations…
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Credit Connect’s hosted its second Online Collections Technology Think Tank 2.0 last week which saw collections strategies and the impact of the pandemic discussed by fourteen collections professionals from a variety of industry sectors. The themes of business transformation, customer engagement, affordability, and open banking collections were discussed by panellists and Chair Vanessa Northam from StepChange.…
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New research from Lowell as part of Debt Awareness Week has revealed that seven in ten people don’t discuss their debt with anyone. Further analysis in the report shows that seven in ten (69%) of people don’t discuss their debt, with over half (53%) too embarrassed to talk about it The research found that talking…
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More than half of the UK’s listed companies currently at heightened risk of insolvency made a claim for government support in December 2020 and could face a financial cliff edge when it comes to an end, according to the latest EY analysis of profit warnings. Between March 2020 and March 2021, 63 UK listed companies…
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