Credit, Collections & Insolvency News
The Financial Conduct Authority (FCA) has issued a warning over scammers posing as car finance lenders, highlighting concerns over fraudsters offering fake compensation in exchange for personal details, such as names, addresses, birth dates and bank information. The regulator clarified that no car finance compensation scheme is currently in place, despite recent announcements about potential…
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New research from Scottish Widows has revealed that a quarter (5.7 million) of working-age adults don’t believe they’ll ever be financially independent. This lack of financial independence is especially prevalent among younger people, renters, and individuals with disabilities. And for many, key markers of independence like being debt free or having emergency savings, feel unattainable. The…
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Almost two-thirds (61%) of SME finance brokers report submitting over half of their loan applications to alternative lenders in the last four weeks, according to research by Iwoca. Iwoca says that the shift underlines a change in business attitudes, with demand for modern, tailored financial solutions now outpacing traditional banking options. Speed of decision-making is…
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Tandem Bank has announced that it has appointed David Shrimpton-Davis as its new Managing Director for its Motor Finance division. Shrimpton-Davis brings with him deep rooted experience in leading and growing a motor finance business, having formerly led Moneybar, the motor finance arm of Vanquis Banking Group. Shrimpton-Davis also brings a wealth of operational and…
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