20th December 2023 - Credit Connect

Credit & Collections Technology Awards publishes 2023 review

20th December 2023 Consumer Collections | #featured

Credit Connect has published its annual Credit & Collections Technology Awards review. The awards review highlights the unique transparency of the Credit & Collections Technology Awards with graphics on the winning companies accompanied by judges comments. The award’s rigorous and transparent process enables each company that enters the awards an opportunity to receive a bespoke…

One in five lose sleep thinking about retirement

20th December 2023 Consumer Collections | #retirement

One in five (19%) people have spent sleepless nights worrying about retirement planning, as two thirds of people face into retirement planning without support according to new research from Standard Life. The research found that nervousness about preparing for retirement has further negative consequences, with 15% reporting poor mental health and 13% saying they have…

Inflation falls to 3.9% – consumer credit industry reaction

20th December 2023 Consumer Collections | #inflation

Latest Office for National Statistics (ONS) data showed that inflation was down to 3.9% in November, from 4.6% in October, the lowest rate since September 2021, the fall was largely thanks to declines in motor fuel prices and recreation costs and a slowdown in food and drink inflation. David Cheadle, Acting Chief Executive of the…

UK economy performed better than expected this year

20th December 2023 Commercial Credit Management | #economy

The UK economy has performed better than expected this year, but the outlook remains weak and vulnerable to shocks. UK GDP is expected to continue to grow at a modest pace of 0.5% this year and next, and only pick up to 1.0% in 2025, according to the latest KPMG Global Economic Outlook. Despite the…

Banks to reimburse up to £415,000 on APP fraud claims

20th December 2023 Consumer Lending | #payment fraud

The Payment Systems Regulator (PSR) has outlined new consumer protections for people who have been tricked into transferring money to scammers will be able to receive up to £415,000 back per claim under new fraud requirements coming into force next year, The measures are is in line with the maximum award the Financial Ombudsman Service…

Inflation falls again – business industry reaction

20th December 2023 Commercial Credit Management | #inflation

UK inflation fell to 3.9% from 4.6% in October, the decline is abigger dip than expected, and inflation is now the lowest it’s been in more than two years according to the Office for National Statistics (ONS) data. ONS Chief Economist Grant Fitzner said “Inflation eased again to its lowest annual rate for over two…

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