28th August 2026 - Credit Connect

Government introduces secondary legislation regulating bailiff firms

28th August 2026 Consumer Collections | #enforcement regulation

The Government has announced it will be introducing secondary legislation which will place all bailiff firms under the purview of the Enforcement Conduct Board (ECB), the existing voluntary regulator for the sector. The ECB was formed in 2022 to provide oversight for the enforcement sector, after years of campaigning from advice organisations. Individual bailiff firms…

Renters face £419,000 bill in retirement

28th August 2026 Arrears and Recoveries | #rentals #retirement

Rents are expected to more than double over the next 20 years, taking the total cost of renting in retirement to around £419,000, according to new analysis from Standard Life. This is set to place significant pressure on retirement incomes, with renters facing materially higher financial requirements than those who own their homes outright. The analysis…

Asset finance growth hit 15% in June

28th August 2026 Asset Finance | #asset finance

New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 15% in June 2026 compared with the same month in 2025. In the first half of 2026, new business was 7% higher than in the same period last year. Growth was broad-based…

Consumer car finance grows by 7%

28th August 2026 Consumer Lending | #car finance

New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew by 7% in June 2026 compared with the same month in 2025. The corresponding value of new business was 11% higher over the same period. In the first half of 2026, new business volumes grew by…

Second charge mortgages grow by 9%

28th August 2026 Arrears and Recoveries | #second charge mortgages

New figures released by the Finance & Leasing Association (FLA) have shown that second charge mortgage new business volumes grew by 9% in June 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 grew by 6% in June 2026

28th August 2026 Consumer Lending | #consumer finance

New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business in June 2026 was 6% higher than in the same month in 2025. In the first half of 2026, new business in this market was 5% higher than in the same period in 2025. The credit card and personal…

Scam whisky investment firm shut down

28th August 2026 Commercial Credit Management |

A scam whisky investment firm shut down after customers left thousands of pounds out of pocket, with the company wound up following Insolvency Service investigations. Cask Spirits Global Limited used high-pressure sales tactics to sell whisky cask investments, promising customers substantial returns and tax advantages. However, of the 17 customers the Insolvency Service identified who…

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