Credit, Collections & Insolvency News
In the first six months of a new reimbursement scheme, £66m was returned to victims of authorised push payment (APP) scams, according to the Payment Systems Regulator (PSR) Launched in October last year, the new rules mandate banks to reimburse victims unless they were grossly negligent. Consumers reported around 109,000 claims, with 77,000 in scope for…
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Latest research by the British Retail Consortium (BRC) has shown that that the rise of inflation has shaken consumer confidence. The data showed that consumer expectations over the next three months with the state of the economy worsening to -33 in July, down from -28 in June. Personal financial situation worsened to -7 in July, down from…
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New data from Atradius has shown that insurance claims rose in June, reversing the downward trend observed since the start of the year. Despite this uptick, several sectors are showing signs of recovery – highlighting the resilience of UK businesses amid ongoing economic uncertainty. Claims rose notably in: · Consumer durables – up 140% YoY,…
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