Credit, Collections & Insolvency News
The system of regulating water companies needs “a complete overhaul” as the sector hikes customer bills to expand failing infrastructure and tackle pollution, according to a new report by the Government’s Public Accounts Committee (PAC). The report says that the water system has been left to sink for too long, with hikes in customer bills…
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The average cost of driving for young motorists, aged under 25, has fallen by £678 in the past year, according to the latest research from Compare the Market. The decline in the cost of driving is mainly due to a drop in the average car insurance premium, which decreased to £1,437 in March 2025, compared…
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GB Bank has announced that it has strengthened its lending leadership team with the appointments of Jude Miranda as Senior Credit Partner and Alan Fitzpatrick as Head of Lending Operations. Miranda joins with more than 30 years of lending experience, including roles at Shawbrook Bank, Masthaven Bank, Hampshire Trust Bank and, most recently, Glenhawk. As…
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Full-service credit management firm, Perch Group has announced the successful completion of a £300 million amendment to its existing funding arrangements, improving terms, extending maturity, and enhancing financial flexibility. The expanded package brings Lloyds into an already robust banking syndicate led by NatWest Group PLC, alongside Shawbrook Bank Limited, Paragon Bank PLC, Hampshire Trust…
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A new study by KidsKnowBest, has revealed that financial anxiety is not a distant adult concern, but a present reality for UK children aged 7-14. Nearly half (46%) children are worried about money and their future and one in four children (24%) are explicitly anxious about basic needs. More than half (55%) of respondents revealed…
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Consumer lender Fluro has announced that it has appointed two new Non-Executive Directors to its board. David Kenmir joins the board as Chair. Having spent more than a decade at the Financial Services Authority – the precursor to the FCA – including five years as a member of its board, Executive Committee and Regulatory Policy…
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The Financial Conduct Authority (FCA) has proposed new regulations for Buy Now, Pay Later (BNPL) providers, requiring them to ensure that borrowers can afford repayments and to offer support in the event of financial difficulties. The rules will come into effect when BNPL falls under the FCA’s oversight next year, granting borrowers protections similar to…
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