Credit, Collections & Insolvency News
Latest data from the British Retail Consortium has found that total retail sales increased by 7% year on year in April, against a decline of 4% in April 2024. This was above the 3-month average growth of 2.9% and above the 12-month average growth of 1.4%. For March and April together, compared with the same…
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The Credit Services Association (CSA), the trade body for the debt collection and purchase industry, has released a comprehensive report highlighting the urgent need for reform of the Financial Ombudsman Service (FOS). In a new report, it recommends the option of folding FOS into the Financial Conduct Authority, saving significant costs and efficiencies and…
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Money Advice Scotland has announced that it has appointed Janine Rennie as our new Chief Executive Officer (CEO) replacing previous lead Peter Costello, who left the charity after a successful tenure to take up another post in the Scottish Third Sector. Rennie who commences her role in June, has a strong track-record of leading organisations…
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New research from iwoca has found that big-ticket loans are set to see increased interest from small and medium-sized enterprises (SMEs), as growth ambitions resurface. The research revealed that two in five (42%) brokers think loans above £100,000 will see the most growth in demand in the next twelve months. Currently, loans over £100,000 comprise…
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