Credit, Collections & Insolvency News
Individuals who have been tricked into transferring money to a fraudster are set to be entitled to reimbursements under new plans by the Payment Systems Regulator (PSR). The PSR is also calling for the biggest banks to publish their performance data in relation to authorised push payment (APP) scams. The PSR is consulting on proposals…
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Almost half of small businesses across the UK (49%) are relying on securing finance to help them fulfil their growth plans for the year ahead. After three consecutive quarters when small business outlook has remained unchanged (with 34% of business owners predicting growth), the new Business Barometer study from Hitachi Capital Business Finance suggests access…
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GB Bank has announced the appointment of Neil Williams as its Chief Lending Officer. GB Bank recently announced it had secured its provisional banking licence making it the UK’s newest challenger bank. Positioned as the ‘go to bank’ for property developers in the North, GB Bank will address the shortage of funding required to get…
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Rising costs will make it harder for families to put food on the table, according to results from PayPlan’s Autumn Income Shock Survey, commissioned to understand the growing impact of inflation on people in financially vulnerable situations. The research found that rising energy prices will affect 30% of people’s ability to put food on the…
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The tax office may struggle to recoup a vast backlog of payments that have accrued during the pandemic as HMRC does not have enough staff and budget cuts to its collection department have resulted in an increasing number of debts being written off according to new analysis by the National Audit Office (NAO). The research…
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