Credit, Collections & Insolvency News
Revolut has announced it has appointed Fiona Fry and Peter Estlin as non-executive directors as it prepares to launch as a fully-fledged bank in the UK. Fry, a qualified chartered accountant, has built a career spanning more than 40 years in professional services. Fiona was a Partner at KPMG for over 23 years, where she…
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Identity fraud continues to grow and now costs the UK an estimated £1.8 billion each year. It is one of the most common case types filed to the Cifa sNational Fraud Database by its 750-plus industry members – accounting for 64% of all filings in 2023 with more than 237,000 identity fraud cases recorded. Industry…
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The Federation of Small Businesses (FSB) says that the Government should step in to provide small firms with personal guarantee protection following from the Financial Conduct Authority (FCA)’s investigation into personal guarantees, Martin McTague, National Chair of the Federation of Small Businesses (FSB) said “The FCA’s investigation was severely undermined even before it got underway…
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The Ministry of Justice has announced its response to a Government consultation on the proposal to allow for the names of claimants of money judgments, in the County Court and High Court, to be published on the Register of Judgments, Orders and Fines in England and Wales. Currently, only the name of the defendant is…
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New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 32% in October 2024 Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said…
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New figures by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in October 2024 by 2% compared with the same month in 2023. The corresponding value of new business fell by 1% over the same period. In the ten months to October 2024, new business was 1% lower…
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New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in October 2024 by 2% compared with the same month in 2023. In the ten months to October 2024, new business in this market was 1% higher than in the same period in 2023. The credit card and…
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New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in October 2024 by 4% compared with the same month in 2023. In the ten months to October 2024, new business was also 4% higher than in the same period in 2023.…
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