8th April 2024 - Credit Connect

FEATURE: Redress and resolve – The immediate action plan for motor finance businesses

8th April 2024 Consumer Lending | #featured

In the world of motor finance, the spotlight on Discretionary Commission Arrangements (DCAs) has intensified, not least due to the influential coverage of consumer champion Martin Lewis. This heightened attention, coupled with the ongoing investigation by the Financial Conduct Authority (FCA), places motor finance businesses at a critical juncture. Navigating this landscape requires a proactive…

Average rent forecasted to rise by 13% over the next three years

8th April 2024 Consumer Collections | #rental increases

Average rents could rise by 13 per cent over the next three years, as high market rates work their way through existing tenancies according to new research by the Resolution Foundation. The research showed that the cost of new tenancies has grown by 18 per cent since January 2022. This has had a big effect…

Ofgem outlines greater protection for businesses on broker fees

8th April 2024 Business Utilities | #energy regulation

Businesses will get fairer treatment, more support resolving disputes and greater transparency on broker fees under new rules announced by Ofgem. The changes will apply to the non-domestic energy sector, which includes businesses, public services like sports centres and village halls, utilities, charities and more. The new rules will make sure energy suppliers improve customer…

Number of households seeking legal help over energy debt action doubles

8th April 2024 Arrears and Recoveries | #energy legal debt

The number of households seeking help to deal with court action over their unpaid energy bills has doubled in the last year, according to Citizens Advice. Citizens Advice said while the numbers affected are small at the moment, the number of people it helped who received a county court judgement (CCJ) from their energy supplier…

OSB Group appoints Chief Financial Officer

8th April 2024 Appointments |

OSB Group has announced it has appointed Victoria Hyde as Chief Financial Officer, taking up her post on 10 May. Hyde succeeds April Talintyre, who said she would retire in November and steps down from the board at the firm’s annual meeting on 9th May.Hyde joined the FTSE 250 lender as Deputy Chief Financial…

Profitability squeeze could extend business payment delays further

8th April 2024 Commercial Collections and Recoveries | #late payments

New research by Allianz Trade in its latest report on global Days Sales Outstanding (DSO) and Working Capital Requirements (WCR) has found that the looming profitability squeeze could extend payment delays further The research found that profitability is the number one driver of payment terms in Europe, more impactful than financing or the business cycle.…

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