Credit, Collections & Insolvency News
Sainsbury’s has announced that it has sold its Argos Financial Services (Home Retail Group Card Service) cards portfolio to NewDay Group for £720 million, aligning with its strategy to concentrate on core retail operations. The supermarket has announced that it has also partnered with NewDay to launch a new Argos-branded digital credit offer. This move…
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Latest data from the British Retail Consortium (BRC) has shown an improvement in consumer confidence as Christmas approaches. According to BRC-Opinium data, consumer expectations of their personal financial situation over the next three months improved slightly to -4 in October, up from -6 in September. The state of the economy improved slightly to -17 in…
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The FCA and PSR Boards have appointed Alison Potter as Chair of the FCA’s Regulatory Decisions Committee (RDC) and the PSR’s Enforcement Decisions Committee (EDC). These two committees are responsible for taking certain regulatory decisions on behalf of the FCA and the PSR. Committee members are selected based on their ability to make independent decisions…
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The Payment Systems Regulator (PSR) has announced that hundreds of additional financial firms will adopt the Confirmation of Payee (CoP) name-checking service, in the industry’s fight against fraud. The expanded rollout means that over 99% of all transactions made through Faster Payments and CHAPS are now safeguarded by this vital anti-fraud measure, offering consumers an…
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The first Labour Budget in nearly 15 years marked a decisive shift from the planned cuts set out by the last Government, with better-funded public services and greater public investment coming from higher taxes and more borrowing. But the Budget has not yet delivered a decisive shift away from Britain’s record as a ‘stagnation nation’,…
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