Credit, Collections & Insolvency News
The Finance & Leasing Association (FLA) has announced it has appointed Geoff Maleham, Managing Director of Novuna Business Finance, to the FLA board. Maleham has more than 20 years of business and Asset Finance experience, with credit risk roles held at both Abbey and ING Lease before joining Novuna Business Finance in 2013. He was…
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Lenders are waking up to the fact that Consumer Duty is not going to be a ‘one and done’ project. Unlike other aspects of financial regulation that they have had to adopt in the past, complying with the FCA’s latest regulatory advancement looks set to be a year-round challenge. The reason for this is that…
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A new report by Lenvi has revealed the growing importance of brand and trust for borrowing decisions and AI innovation, a dip in the number of people factoring green credentials into their decision making and the growing popularity of Buy Now Pay Later (BNPL). The report reveals that borrowers are placing more emphasis on brand…
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A new credit card fraud report from Uswitch which analysed police figures has found that scammers stole £422 million last quarter, from 92,739 reported cases of fraud Consumers lost £1,212 million to credit card fraud in 2022, down 5% from the previous year with over three quarters (76%) of fraud was credit card fraud. The data…
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Specialist business bank, Redwood has announced it has appoointed David Kennedy as its new Chief Operating Office Kennedy previously worked for Lloyds, Barclays, Shawbrook and Masthaven banks, Gary Wilkinson, Founder and CEO of Redwood Bank, said “We are delighted to welcome David, who has joined at an important juncture and who will be a great addition…
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