11th October 2022 - Credit Connect

Google announces crackdown on debt service advertising policies

11th October 2022 Consumer Collections | #fraud

Google has announced a change to its debt service advertising policy, following collective evidence provided by the debt advice sector. From 6th December, Google will only allow organisations who are FCA authorised for ‘Debt Counselling’ and ‘Debt Adjusting’ to advertise debt services. Insolvency Practitioners will no longer be allowed to advertise directly. Google identified that the…

Consumer finance new business grows by 14%

11th October 2022 Consumer Lending | #consumer credit

New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 14% in August 2022 compared with the same month in 2021. In the first eight months of 2022, new business was 21% higher than in the same period in 2021. The credit card and personal loan sectors…

Consumer car finance new business volumes grew by 5% in August

11th October 2022 Consumer Lending |

New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in August 2022 by 5% compared with the same month in 2021. The corresponding value of new business increased by 13% over the same period. In the first eight months of 2022, new business volumes remained…

Second charge mortgage new business increases by 37%

11th October 2022 Arrears and Recoveries | #second charge mortgages

New figures released by the Finance & Leasing Association (FLA) show that second charge new mortgage business increased by 37% in August. Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said “The second…

Asset finance business grows by 10%

11th October 2022 Asset Finance | #asset finance

New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in August 2022 by 10% compared with the same month in 2021. In the first eight months of 2022, new business was 3% higher than in the same period in 2021. The…

SmartSearch appoints VP of Enterprise Sales

11th October 2022 News |

Anti-money laundering (AML) software specialist, SmartSearch has announced it has appointed Zowie Lees-Howell as their new Vice President (VP) of Enterprise Sales. Lees-Howell has more than 25 years of experience with global, publicly trading data and analytics firms. She joins from Equifax where she most recently served as sales director, with previous tenures at Dun…

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