Credit, Collections & Insolvency News
A new report launched by the Lending Standards Board (LSB) drives financial inclusion for deaf customers in the banking and credit industries. An estimated 11 million people in the UK experience hearing loss of some kind. The report by the primary financial self-regulatory body includes insights from leading community representatives and provides key insights and considerations for…
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A quarter of adults aged over 55s lack confidence in their current financial position and nearly half have experienced a reduction in their disposable income, Paragon Bank research has revealed. The survey of over 3,000 people aged 55 or over found that 25% felt unconfident in their current financial position, compared to 44% who felt…
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NatWest has bought 469 million shares back from the Government for £1.26 billion, bringing the UK’s stake in the bank down from 41.4% to 38.6%. The sale reduces the government’s shareholding to c. 38.6% – down from around 84% at its peak – delivering significant progress against the government’s intention as announced at Spring Budget…
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The Payment Systems Regulator (PSR) has appointed Oliver Hanmer as its Head of Supervision and Compliance Monitoring and a member of the executive team. Hanmer joins from the Bar Standards Board where he is currently Director of Regulatory Operations. He starts work at the PSR on 26th June 2023. Hanmer is currently Director of Regulatory…
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