20th February 2026 - Credit Connect

Retail jobs at risk from rising employment costs

20th February 2026 Commercial Credit Management | #featured #job risk

The British Retail Consortium (BRC) latest survey of retail CFOs (Chief Financial Officers) and Finance Directors reveals a sharp rise in anxiety about labour costs over the next year. These concerns have shot up the agenda since the start of the implementation of the Employment Rights Act, which became law in January. With weak wage…

Four companies linked to scheme which risked undermining insolvency legislation are shut down

20th February 2026 Insolvency | #featured #insolvency

Four companies linked to a scheme which risks undermining insolvency legislation have been shut down. Atherton Corporate Partners LLP, Jones & Harlington Ltd, TYA GRP Ltd and TYA Two GRP Ltd formed part of the Atherton scheme, which allowed business owners to keep their assets and drop their debts. More than £18 million in previously…

Small businesses warned over April cost crunch

20th February 2026 Commercial Credit Management | #cost of business #featured

The Federation of Small Businesses (FSB) is sounding a warning shot ahead of a looming cost crunch in April that could push many small firms to breaking point. In less than two months, rising energy bills, business rates hikes, spiralling employment costs and changes to Statutory Sick Pay will all rise at a record pace,…

Bank of Ireland fined £3.7m after missing Confirmation of Payee safeguard deadline

20th February 2026 Consumer Lending | #bank of ireland #featured main #PSR

The Payment Systems Regulator (PSR) has fined Bank of Ireland UK for failing to implement Confirmation of Payee (CoP) by the required deadline. The Payment Systems Regulator (PSR) has fined Bank of Ireland UK £3.7m for failing to implement a crucial fraud protection service on time. The bank missed the deadline by 14 months, leaving…

Creditstar receives FCA approval

20th February 2026 Company News |

Creditstar Group, a European data-driven fintech, has announced that its UK subsidiary has received approval from the Financial Conduct Authority (FCA). to operate as a mainstream consumer credit lender in the United Kingdom. Following FCA approval, Creditstar UK is offering fully digital personal loans of up to £10,000 with repayment terms of up to 60…

Energy price cap forecasted to fall

20th February 2026 Consumer Collections | #energy prices #featured

Cornwall Insight has released its final forecast for the April – June 2026 which predicts the cap will fall by £117 to £1,641 a year for a typical dual fuel household. This would represent a decrease of 7% from the current price cap, which is set at £1,758 per year. The main driver behind the…

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