Credit, Collections & Insolvency News
The latest EY ITEM Club data has forecasted that consumer credit lending growth will remain largely flat at 5.8% in 2026 (from 6.1% in 2025), 5.7% in 2027, and 5.3% in 2028. Even though consumer credit remains expensive, demand is expected to remain steady over the coming years. This is largely due to a combination…
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Following growth of 6.9% (net) in 2025, bank-to-business lending is forecast to slow to 3.5% (net growth) this year, as global and economic headwinds impact business confidence and reduce investment demand, according to the latest EY ITEM Club Bank Lending Forecast. While falling interest rates helped boost business lending last year to the highest level since…
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The Financial Conduct Authority (FCA) reported a 174% rise in actions against influencers last year, including the first arrests for promoting high-risk investments. The FCA says that financial advice on social media has become increasingly risky, with ‘finfluencers’ promoting dubious financial products, with seven reality TV stars pleading guilty to illegal promotions, receiving fines between…
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