Credit, Collections & Insolvency News
A study by the consumer group Which? has found that banks are putting customers at risk of fraud by sending security codes via text. In an investigation into 13 current account providers, The consumer champion’s tests found several banks were missing basic online and app protections. The research comes after 29,102 cases of remote banking…
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Half of first-time buyers (FTBs) say house prices would need to fall up to 20% for them to consider buying according to research by Uswitch.com With December being the fourth consecutive month of house price falls, and mortgage payments for first-time buyers at the highest since the 2008 financial crisis, many prospective buyers are split between…
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CIVEA has alerted its members to the risks of media misreporting of the legal activities of civil enforcement agents. In a statement CIVEA said “We are concerned that conflating this issue is irresponsible and potentially dangerous, because it presents a threat to agents in the field where people may confuse what they do and subject…
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New research by Fuel Bank Foundation has revealed the extreme measures people with prepayment meters are taking to avoid being disconnected from their energy supply. A survey by the charity, which provides fuel vouchers to people who can’t afford to top up their prepayment meter, found that in the 12 months prior to receiving help…
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Bank-to-business lending is forecast to contract 3.8% (net) this year, from net growth of 3.7% in 2022, before returning to growth (of 0.9% net) in 2024 according to research by EY Item Club. UK assets under management are forecast to grow 2.6% this year and 6.5% in 2024, after a projected fall of almost 11%…
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The biggest threat to British businesses over the next six months is disruption to supplies, according to a survey by BDO with 54% of mid-sized companies saying that chaos in supply chains was the biggest challenge they faced. The bi-monthly survey – which looks at the challenges and opportunities facing mid-sized businesses – reveals the…
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Experian Boost data will now be included in Zopa Bank’s credit card decisioning process – giving customers better rates and offering them reduced APR for a fixed period following an agreement between the two companies. The partnership will mean that Experian and Zopa customers will receive a reduced APR when they apply for a Zopa…
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Zilch has announced that it has signed an industry-first partnership to work with StepChange, which will help Zilch’s millions of customers access help, should they need it, more quickly during the current cost of living crisis. This support for StepChange will see Zilch become the first provider of credit via buy now pay later to…
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