Credit, Collections & Insolvency News
The Financial Conduct Authority (FCA) has been forced to suspend parts of its £9.1 billion car finance compensation scheme, delaying payouts for millions of motorists. The scheme aimed to compensate drivers overcharged for loans due to commission payments between lenders and car dealers from 2007 to 2024. A hearing is set for December or February,…
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Water companies should seize more opportunities to raise awareness among households about the potential financial and environmental benefits of smart water meters, according to new research by the Consumer Council for Water (CCW). Awareness of smart metering remains low among customers, despite companies’ plans to ensure around half of homes across England and Wales are…
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MoneySuperMarket has announced the launch of a new, exclusive eligibility journey, in partnership with Capital One UK, designed to help people with limited credit history get access to credit and build their credit profile. The new journey is available through MoneySuperMarket and is aimed at customers who are currently underserved by the credit card market…
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Business confidence has fallen to its lowest level in four years, according to the ICAEW Business Confidence Monitor. The index recorded a score of minus 14.6 for the second quarter, marking six consecutive quarters of negative reading, the joint-longest streak since the 2008 financial crisis. Negative confidence readings typically coincide with difficult periods for businesses…
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