Credit, Collections & Insolvency News
Credit Connect has announced its annual Credit & Collections Technology company power list for 2022. The fourth edition of the power list is a round-up of the most prominent innovating companies within credit and collections technology. Each year Credit Connect identifies the top 20 ‘Premier’ innovators highlighting the achievements and successes of the top-performing companies.…
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In January 2022 the Fraud Act 2006 and Digital Fraud Committee was established with a remit to recommend courses of action that could tackle a crime that now accounts for over 40% of all crimes committed in the UK. Under the leadership of Baroness, Lady Morgan of Cotes the committee recently published its report which…
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The Bank of England’s Monetary Policy Committee has voted to increase interest rates to 3.5 percent, a rise of 0.5 percentage points. The latest rate increase marks the ninth hike this year and the highest level since the financial crisis 14 years ago. Around three quarters of mortgage customers are on a fixed rate mortgage…
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The Bank of England’s Monetary Policy Committee has voted to increase interest rates to 3.5 percent, a rise of 0.5 percentage points. The latest rate increase marks the ninth hike this year and the highest level since the financial crisis 14 years ago. Commenting on the rise, Kitty Ussher, Chief Economist of the Institute of…
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New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in October 2022 by 4% compared with the same month in 2021. The corresponding value of new business increased by 9% over the same period. In the ten months to October 2022, new business volumes…
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New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 18% in October. 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…
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New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 7% in October 2022 compared with the same month in 2021. In the ten months to October 2022, new business was 17% higher than in the same period in 2021. The credit card and personal loan sectors…
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Analysis by Legal & General suggests that more than 2.5 million over-55s plan to delay retirement as a result of the cost-of-living crisis, with up to 1.7 million of these saying they expect to have to keep working indefinitely. On average, over-55s expect to stay in work for an extra three years. Nearly two-thirds of…
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