Credit, Collections & Insolvency News
The Financial Conduct Authority (FCA) has led international action to stop illegal finfluencers putting consumers’ money at risk. Seventeen regulators worldwide took part in the ‘week of action’, which included enforcement activity, consumer awareness campaigns, and educational programmes for finfluencers who want to act responsibly. Activity started on 20 April 2026. In the UK, the…
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The Insolvency Service has announced a partnership with Crimestoppers in an attempt to crack down on rogue directors. The partnership aims to boost tip-offs about banned directors still operating in the shadows The Insolvency Service disqualifies more than 1,000 directors every year for misconduct, including failing to pay tax and using company funds for personal…
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Consumer confidence has fallen to its lowest level since October 2023, according to the GfK consumer confidence index, which dropped four points to minus 25. This decline marks the third consecutive month of falling confidence and the largest drop since April 2025. The deepening concern was driven by perceptions of the UK economy, with a…
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Bad debt and late payment are hammering Scottish SMEs’ cashflow and profitability, according to new data from SME funder Bibby Financial Services (BFS). BFS’s latest SME Confidence Tracker revealed that 39 per cent of Scottish SMEs, equating to around 139,000 businesses, experienced bad debt in the past 12 months. For those affected, the average amount…
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