Credit, Collections & Insolvency News
The Government has confirmed that it is launching new measures to support small businesses and the self-employed by tackling the scourge of late payments, which according to the Smart Data Foundry is costing small businesses £22,000 a year on average and leads to 50,000 business closures a year according to Intuit QuickBooks, The government will…
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Physical banking is now of less importance to UK consumers than those in Europe or the US according to research by CRIF, Europe. The research shows that UK consumers are now the least likely to choose a bank or financial provider based on it having a physical presence near where they live. Overall, less than…
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HSBC has backed calls for tech firms to help cover the cost of fraud, saying incoming compensation rules will not be enough to prevent scams. The Payment Systems Regulator (PSR) is expected to make reimbursement of up to £85,000 mandatory from 7th October with most firms having failed to sign up to, or consistently apply,…
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An independent evaluation of GAMSTOP has found that 78% of users had delivered the results that they were hoping for and 80% would recommend the service to others. More than 4,650 GAMSTOP users took part in the research and 73% said they were satisfied with the service, with the number rising to 85% amongst those…
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Mortgage company Mars Capital has rebranded as Intrum Mortgages, following the acquisition of the business by credit management group Intrum. Intrum UK took over the mortgage business in 2023 as part of a deal with Arrow Global to acquire its Capquest and Mars UK servicing platforms and invest in the fund manager’s unsecured consumer lending…
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