Credit, Collections & Insolvency News
HM Treasury has launched a consultation on possible Buy Now, Pay Later (BNPL) regulation. The consultation is seeking views to inform the scope and nature of the regulation, but the document suggests that some existing regulation can be applied to BNPL. and picks up on all the most important elements that can cause consumer detriment. The…
Read more
The Money and Pensions Service (MaPs) has provided an update on debt advice commissioning following the completion of a key stage of the procurement process As well as providing money and pensions guidance through the MoneyHelper and Pension Wise brands, the Money and Pensions Service (MaPS), the largest single funder of debt advice provision in…
Read more
Despite the turbulence of the last year, UK businesses are continuing to make positive strides towards technological innovation. This has been highlighted in fresh analysis of four years of data from Visma | Onguard’s Fintech Barometer, which shows that number of organisations planning to undertake a digital transformation strategy within the next 6 to 11…
Read more
The Financial Conduct Authority (FCA) has called for legislative change to address concerns beyond its remit in its latest Perimeter Report. .The report recommends that duties on internet companies in the Online Safety Bill should extend to paid-for advertising, as well as user-generated content. The FCA also believes that the Bill should designate content relating…
Read more
Credit app, TotallyMoney has announced API integration partnership with loan and credit card platform, Lendable. TotallyMoney’s API integration for Lendable’s ‘Level’ credit card will provide greater transparency as customers will be shown the APR they’ll get before application. In addition to this they can find out if they’re pre-approved for the offer, meaning a more…
Read more
Provident Financial Group has said customer demand had picked up to pre-pandemic levels in the three months to the end of September 2021. The business, which has published a trading update, attributes the improvement of customer demand to more favourable macroeconomic conditions. Provident says that in its credit card and personal loans business, expenditure levels…
Read more
Ofgem has appointed Shell Energy Retail to take on supplying Goto Energy’s approximately 22,000 domestic customers. This follows a competitive process run by Ofgem to get the best deal possible for customers. Funds that current and former domestic customers of Goto Energy have paid into their accounts will be protected, where they are in credit.…
Read more