24th April 2023 - Credit Connect

FCA puts banks on alert in fight against money laundering via the Post Office

24th April 2023 Consumer Lending | #FCA

A series of measures designed to reduce the risk of money laundering via the Post Office have been set out by the Financial Conduct Authority (FCA). The regulator brought together partners including the National Economic Crime Centre (NECC), industry and government to strengthen controls while seeking to ensure that legitimate customers can continue to use…

Half of low-income households in the dark over broadband social tariffs

24th April 2023 Arrears and Recoveries | #broadband

More than half of low-income households are in the dark about broadband deals that could save them around £200 a year, with just 5% of eligible households signed up to a discounted package. These special offers, known as social tariffs, are available to an estimated 4.3 million households that receive one of a range of government…

Consumer confidence rises to highest level since Ukraine invasion

24th April 2023 Consumer Collections | #consumer confidence

Consumer confidence recovered further in April, rising to its highest level since February 2022. Confidence rose by six points to -30, with an improvement in all areas measured in the index by market intelligence company GfK. GfK’s long-running Consumer Confidence Index increased six points to -30 in April. All measures were up in comparison to…

Profit warnings at listed companies rise in first quarter

24th April 2023 Commercial Credit Management | #business

UK-listed companies issued 75 profit warnings between January and March 2023, the highest first-quarter total since the early stages of the pandemic in 2020, according to EY-Parthenon’s latest Profit Warnings report. The report reveals that the number of warnings issued in the first quarter of 2023 exceeded the 72 issued in Q1 2022 and that…

Wolverhampton City Credit Union appoints new CEO

24th April 2023 Appointments |

Wolverhampton City Credit Union (WCCU) has announced that it has appointed Tameka Spencer as its new Chief Executive Officer (CEO). Spencer has worked at WCCU for over nine years and brings a wealth of experience and knowledge from within the sector. Spencer has previously held the roles of Operations Manager and Deputy CEO, she has…

Grandparents financially supporting children and grandchildren with high costs of living

24th April 2023 Consumer Lending | #cost of living #grandparents

Grandparents are supporting their children and grandchildren financially and through free childcare to help them cope with the high cost of living, Paragon Bank research has found. A survey of 2,700 over 55s found that 58% of those with children have supported them financially over the past six months, with over half (53%) of those…

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