Credit, Collections & Insolvency News
The impact of surging property prices throughout the pandemic has reduced housing affordability to the lowest level on record, according to new research by Halifax. The analysis – based on data from the Halifax House Price Index – compared typical house prices to average earnings across the UK. In the first quarter of 2022, the…
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A new report has found that card spending trends for April have indicated early signs of the impact of the widely reported cost-of-living pressures. Fico’s monthly report based on the largest consortium of UK cards data shows a typical rise in card spend and balances, but also a slight increase in missed payments. Average monthly…
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Barclays has confirmed that it will acquire specialist lender Kensington Mortgage Company in a £2.3 billion deal. Kensington, which has 600 staff and specialises in offering mortgages to the self-employed and borrowers with more complex incomes, is being sold by private equity owners Blackstone and Sixth Street. The company originated around £1.9bn of mortgages in…
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The Enforcement Conduct Board, the new oversight body for the enforcement sector, has announced the appointment of four new non-executive board members. The four new board members are Alan Cavill is Director of Communications and Regeneration at Blackpool Council, supporting a town that has 8 of the ten most deprived neighbourhoods in England and is…
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Chris Leslie, Chief Executive of the Credit Services Association (CSA), the UK trade body for debt collection and debt purchase, has been elected to the board of the Federation of European National Collections Association (FENCA) today at the Associations Annual General Meeting (AGM) in Berlin. FENCA represents the interests of the European credit management, debt…
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New research suggests that the biggest financial issue for small business clients is a cash flow squeeze (52%). The report by iwoca also suggests that firms are missing a key opportunity to adopt Open Banking which it says will help meet the needs of small businesses facing a cash flow squeeze. The report is based…
Read moreSIA Group announced the appointment of asset-based lending industry veteran Paul Beveridge as a Non-Executive Director. Beveridge brings more than three decades of experience to the role, latterly as Managing Director of PNC Business Credit. Under Beveridge’s leadership, PNC Business Credit has grown from a new start-up in 2006 to one of the UK’s leading…
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Hampshire Trust Bank (HTB) has announced the appointment of Bill Moffat as Sales Manager within its Asset Finance division. Moffat brings over 20 years of experience in the asset finance sector industry, having previously worked as director of corporate sales at Advance Finance & Leasing Ltd for 13 years. Prior to that, he spent four…
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