21st July 2026 - Credit Connect

FOS appoints new Chief Executive and Ombudsman

21st July 2026 Appointments | #appointments

The Financial Ombudsman Service (FOS) board has announced it has appointed Jenny Simmonds as permanent Chief Executive Officer and James Dipple-Johnstone as permanent Chief Ombudsman. The appointments of Simmonds and Dipple-Johnstone follow an open recruitment process led by the board earlier this summer. Both Simmonds and Dipple-Johnstone initially took up their roles on an interim…

New Prime Minister appointed – industry reaction

21st July 2026 Commercial Credit Management | #new prime minister

Andy Burnham has become the UK’s new Prime Minister, following a trip to Buckingham Palace after Keir Starmer formally resigned. In his first speech Burnham has set out his domestic priorities. Responding to the appointment of Andy Burnham and his first speech as the new Prime Minister of the UK, Jonathan Geldart, Director General of…

Fraudster jailed after claiming £200,000 of Covid support across four companies

21st July 2026 Commercial Credit Management | #fraud

A fraudster who illegally obtained five Covid loans at the height of the pandemic has been jailed. Cardiff-based Rupali Wagh fraudulently applied for £216,250 in Bounce Back Loans for her four companies between May and September 2020. The 50-year-old inflated the turnover of her businesses to secure the loans and used some of the funds…

Consumer car finance grows by 1%

21st July 2026 Consumer Lending | #car finance

New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew by 1% in May 2026 compared with the same month in 2025. The corresponding value of new business was 5% higher over the same period. In the first five months of 2026, new business volumes grew…

Second charge mortgages fell by 1% in May

21st July 2026 Arrears and Recoveries | #second charge mortgages

New figures released today by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes fell by 1% in May 2026 Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer Finance & Mortgages and Inclusion the Finance & Leasing Association (FLA), said…

Consumer finance new business holds steady

21st July 2026 Consumer Lending | #consumer credit

New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business in May 2026 was at a similar level to May 2025. In the first five months of 2026, new business in this market was 4% higher than in the same period in 2025. The credit card and personal loans…

Asset finance new business grew by 2% in May 2026

21st July 2026 Alternative Business Lending |

New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew by 2% in May 2026 compared with the same month in 2025. In the first five months of 2026, new business was 5% higher than in the same period in 2025. The…

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