2nd February 2022 - Credit Connect

Online Collections Technology Think Tank 3.1 confirms line up

2nd February 2022 Consumer Collections |

The Online Collections Technology Think Tank 3.1 has confirmed its agenda and speaker line-up ahead of the event for Thursday (3rd February). The event takes place on a big day for cost of living announcements with Ofgem set to announce changes to its price cap limit and with the Bank of England potentially announcing an…

Energy price hike risks more turning to food banks

2nd February 2022 Consumer Collections | #energy debt

Rising energy prices will risk more Scottish consumers turning to food banks, Citizens Advice Scotland (CAS) warned. The charity says more and more people in Scotland are asking for information on paying their energy bills because they are facing a ‘nightmare scenario’ as the cost of living crisis bites. The energy price cap will rise…

Calls for additional Government action to combat fraud

2nd February 2022 Commercial Collections and Recoveries | #business fraud

The Treasury Committee has called for additional Government action to combat fraud and scammers as it publishes its report on Economic Crime. The report, which was unanimously agreed by the cross-party Committee of MPs, urges the Government to legislate against online fraudulent adverts and seriously consider whether online giants should reimburse those who fall victim…

Quantuma to double North West team in next two years

2nd February 2022 Appointments | #appointments

Business advisory firm Quantuma has confirmed plans to double the headcount of its North West operation from 20 to 40 in the next two years to meet growing client demand. With more than 18 bases around the UK and 23 globally, Quantuma arrived in the North West in 2019, and has since grown to become…

Masthaven Bank to exit UK

2nd February 2022 Company News | #bank

Following a comprehensive strategic review, Masthaven Bank has announced that it will be withdrawing from the UK banking market over the next two years. Masthaven, which was founded as a non-bank lender in 2004 and acquired a banking licence in 2016, is now communicating the news of its strategic withdrawal from the market to employees,…

Millions with mental health problems missing out on Equality Act protections from banks

2nd February 2022 Consumer Collections | #mental health

Millions of people with mental health problems say they are missing out on Equality Act protections from banks and other essential services firms according to new a report by Money and Mental Health Policy Institute. The research found that many banks and other essential services providers are likely to be failing to meet legal duties set…

Consumers start to run down savings to sustain household spending

2nd February 2022 Arrears and Recoveries | #consumer credit

Consumers are starting to run down the savings built up during the pandemic in order to sustain household spending patterns threatened according to latest Bank of England (BOE) figures. The Bank said savings stood at £3.2bn in December, less than a third of the £10.6 billion monthly average for the previous 12 months. Consumer credit…

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