Credit, Collections & Insolvency News
The Money and Mental Health Policy Institute (MMHPI) has welcomed a commitment from the British Medical Association (BMA) that GPs will stop charging for the form people with mental health problems need to get debt support. The commitment by the BMA – the professional body for all UK doctors – is part of the new Five Year GP…
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The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase sectors, is once again hosting the annual Credit & Collections Technology Awards, and entries to the awards are now being invited. The awards will be presented during the CSA’s annual award-winning UK Credit & Collections Conference (UKCCC) which this year…
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Households are facing the prospect of stagnating living standards, while the proportion of children living in poverty risks hitting a record high by the end of the parliament, according to a new report published by the Resolution Foundation. The Living Standards Outlook 2019 report, brings together recent data, the OBR’s economic projections and the impact of…
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One in five (21%) businesses in the UK believe that decision makers do not place enough value on technology and 24% do not understand how fintechs could help them, according to research by Centtrip. The firm surveyed more than 500 chief executives, chief financial officers and managing directors at UK companies and found that businesses…
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Car finance costs have increased by as much as 49 percent since Britain voted to leave the union, new research has revealed. The tumbling pound has left UK drivers out of pocket by as much as £98 per month, or £4,606 over the course of the full contract according to research by Parkers.. As a…
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The Financial Conduct Authority (FCA) has announced the appointment of Wanda Goldwag as the new Chair of the independent Financial Services Consumer Panel. The appointment, effective from 1 March 2019 for an initial three-year term, has been confirmed by HM Treasury. Wanda will be the public face of the panel, leading and giving strategic direction…
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Restructuring and Insolvency (R&I) specialist law firms Harrison Clark Rickerbys (HCR) and Sprecher Grier have announced that they will merge. HCR is a full-service firm with eight offices across the country and Sprecher Grier has a significant restructuring and insolvency (R&I) presence in London. The move brings former colleagues back together – Sam Payne, Head of HCR’s R&I team,…
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An estimated £94.5m of fraud was prevented in 2018 by a specialist anti-fraud police unit sponsored by the finance industry, new figures show, the highest annual total to date. This brings the unit’s total estimated savings from reduced fraud activity to £600 million since it was established in April 2002. The Dedicated Card and Payment…
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Consumers can save more than £2,500 a year by taking control of their finances, new analysis from Experian has revealed. Families are overpaying on their mortgages and energy bills, and those paying interest on their credit cards can cut their costs by switching to a better deal. Experian has launched Money Matters Week to help…
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New figures from the Registry Trust indicate that in 2018, there were 1,115,099 County Court judgments (CCJs) were registered against consumers in England and Wales, a fall of two percent on 2017. This is the first time in six years that the number of CCJs against consumers has fallen. The average value of a consumer CCJ…
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A coalition of charities has urged the Government to take urgent steps to protect people and places in poverty from the financial consequences of Brexit, including no-deal. The Joseph Rowntree Foundation (JRF), Shelter, Trussell Trust, Child Poverty Action Group, Action for Children, National Children’s Bureau, Poverty Alliance, Turn2us, Barnardos and ATD Fourth World have sent…
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Begbies Traynor Group the business recovery, financial advisory and property services consultancy, has announced the acquisition of the entire issued share capital of KRE (North East), a Newcastle based insolvency practice. Ian Kings founded the business in the North East under the KRE branding in 2015. In the financial year ended 30 June 2018, the business…
Read moreThe Financial Stability Board (FSB) published a report today on FinTech and market structure in financial services. The publication is part of the FSB’s ongoing work to monitor the global FinTech market developments and their potential implications for financial stability. The FSB defines FinTech as technology-enabled innovation in financial services that could result in new business…
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