Credit, Collections & Insolvency News
New research has revealed that 88% of the UK is struggling to cope with high living costs, equal to an estimated 48 million people nationwide. The survey found that over two in five (45%) indicated that the country’s high living costs are impacting them even more than last year, showing that things have been getting…
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The Financial Conduct Authority (FCA) has outlined new measures for Buy Now, Pay Later (BNPL) lending, which will aim to simplify information for borrowers whilst ensuring income checks and support for those in financial difficulty. Lenders must now be authorised and comply with the FCA’s Consumer Duty, ensuring clearer information on agreements and affordability checks.…
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Retail sales rose by 2.7% in January, according to the British Retail Consortium and KPMG, as consumers responded to heavy post-Christmas discounting. Personal electronics and children’s items led the recovery after a weak December. Despite the uplift, the Office for National Statistics reports sales remain 1.5% below pre-pandemic levels, highlighting an uneven recovery. Food sales increased…
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Lantern Group has announced the opening of its new flagship head office at Apsley House on Wellington Street in Leeds city centre, which the company says represents a major milestone in the company’s continued growth and strong performance. The office will serve as the company’s headquarters and central hub for its expanding team, reinforcing Lantern’s…
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