Credit, Collections & Insolvency News
Consumer spending growth is at its weakest in more than three years, according to a report by Barclays. Despite falling inflation, the report found that higher council tax bills and the rising cost of broadband and mobile phones are eating into household budgets. The report found that consumer card spending grew just 1.0 per cent…
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The Payment Systems Regulator (PSR) has announced that David Geale has been appointed Interim Managing Director. The interim appointment will be for a period of nine months. Geale joins the PSR from the FCA where he has most recently been Director of Retail Banking with responsibility for supervision and policy. He has also been a…
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The Government has launched a new HMRC fraud and error taskforce in a bid to recover overpayments made to UK taxpayers during the pandemic. The £100 million Taxpayer Protection Taskforce of 1,200 HMRC staff will combat fraud and aims to recover up to £1.5 billion from fraudulent or incorrect payments for the 2022/23 financial year.…
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UK Finance has released its latest Household Finance Review for Q1 2024 with the reporting highlighting that mortgage borrowing has decreased when compared with the same period the year before, despite a rise in mortgage applications at the end of 2023. Towards the end of last year as mortgage rates started to reduce, there was…
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Dudley Building Society has announced the appointment of Simon Dodd as its new Head of Retail. Dodd joined in April from Coventry Building Society, where he held the position of Head of B2B Marketing. During his eight years at the mutual, he oversaw significant growth and was awarded the Financial Reporter Mortgage Industry Marketer of the Year…
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Invoice finance provider, Optimum Finance has announced that is has promoted Paul Green to Senior Regional Director. Green will be supporting Optimums’ National Head of Sales, Iain Hendry, in both guiding and helping to further grow Optimums’ sales team. Whilst this is a national role, Green based near Leeds, will continue to have a particular…
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