18th September 2024 - Credit Connect

New banking hubs announced as access to cash regulation commences

18th September 2024 Consumer Lending | #access to cash

The rollout of banking hubs has gained momentum, with 15 new sites announced as stricter industry regulations aimed at protecting cash access come into effect. Link, the cash machine operator, is identifying additional locations in communities such as Frome, Newquay, and Thetford, bringing the total planned hubs to 163, including 81 already operational since the…

Credit card spending falls 3.1% in June

18th September 2024 Consumer Lending | #credit cards

Latest UK Finance data for June 2024 has found a small decrease in credit card spending. The data showed that there were 357 million credit card transactions in June, 2.6 per cent fewer than in June 2023. The total spend of £19.9 billion was 3.1 per cent lower than June 2023. Outstanding balances on credit…

Managing finances one of the most challenging aspects of starting university

18th September 2024 Consumer Collections | #university finances

New research from the Post Office has found that four-fifths of students (82%) feel that non-academic responsibilities interfere with their ability to attend lectures or complete assignments. Nearly half of students (49%) will handle their life admin for the first time when starting university with many finding that managing finances is the most challenging part…

Two in five Scots struggling with bills

18th September 2024 Arrears and Recoveries | #bills #debt

New research commissioned through YouGov by StepChange Debt Charity of UK adults (of whom 185 live in Scotland) has revealed two in five (41%) Scots have found it difficult to keep up with bills and credit commitments in the last few months. This is up by twelve percentage points year-on-year, from three in ten (29%)…

One in five borrowers say technology is falling short

18th September 2024 Consumer Lending | #technology

New research by Finova has found that one in five (19%) of homeowners feel that the technological features offered by lenders are falling short of their expectations. The study found that a considerable 42% of respondents still believe that speaking on the phone is the most effective method to address queries about their mortgage. The…

TLT appoints debt finance Partner

18th September 2024 Appointments |

TLT has hired leading debt finance lawyer Roy Grist as a Partner in its national banking team, further strengthening the service it offers clients in this practice area. Grist joins TLT from Squire Patton Boggs, where he led the firm’s banking and finance team in Birmingham for ten years. A nationally recognised banking lawyer, Grist…

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