13th December 2023 - Credit Connect

Quantuma appoints Asset Based Lending Director

13th December 2023 Appointments |

Business advisory firm Quantuma has announced it has appointed Shaun Hampton-Matthews as Asset Based Lending Director. Hampton-Matthews has a national remit and will work with like-minded colleagues from the firm’s 18 UK offices as it continues to develop its relationships with the Asset Based Lending community. He has a wealth of experience from his 40-year…

PSR proposes cross-border interchange fee cap on credit and debit cards

13th December 2023 Commercial Credit Management | #payments

The Payment Systems Regulator (PSR) has announced that it is proposing to introduce a price cap to protect UK businesses from overpaying on these interchange fees. Subject to the PSR’s final report and further consultation on remedies, this could happen in two stages: An initial time-limited cap of 0.2% for UK-European Economic Area (EEA) consumer debit…

Over-40s face retirement savings anxiety this Christmas

13th December 2023 Consumer Lending | #retirement

New research by My Pension Expert has revealed that over-40s are facing retirement savings anxiety this Christmas. The research found that 37% of UK over 40’s say that during the Christmas period they recognise the significance of financial security in retirement. 31% of over 40’s say spending more during the Christmas period makes them more…

Arrears hits six year high

13th December 2023 Arrears and Recoveries | #mortgage arrears

The proportion of mortgage balances in arrears increased to the highest level in six years in Q3, with Bank of England data showing that the proportion of total loan balances with arrears increased from 1.02% to 1.14%, quarter-on-quarter. This is the biggest proportion since Q2 2017. The latest statistics show that the value of outstanding…

Interest rates won’t be cut until 2026

13th December 2023 Business Lending | #interest rates

The Confederation of British Industry (CBI) does not expect the Bank of England to cut interest rates until 2026, predicting that the base rate will stay at 5.25% for at least two more years. The CBI’s forecast is based on projections showing that consumer price inflation will not reach the Bank’s 2% target until Q3…

Together appoints new Chief Information Officer

13th December 2023 Appointments |

Property lender Together has announced the appointment of Paul Luke as Chief Information Officer. Working closely with Together’s operations team, Luke will assume responsibility of Group Technology Services (GTS) and will manage the day-to day processes and technology improvement to meet the needs of colleagues and customers. He brings a wealth of experience across 20…

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