Credit, Collections & Insolvency News
Andrew Jones, CEO of Computershare’s UK mortgage servicing business, has decided to step down following its recent acquisition by Pepper Advantage. In a company statement Computershare said “After 20 years, Andrew Jones, the CEO of the UK mortgage servicing business we recently acquired from Computershare, has decided that now is the right time to step down, and we…
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Mortgage adviser activity rose sharply in March, with total searches reaching 2,150,593, as borrowers responded to ongoing economic uncertainty and shifting mortgage pricing, according to the latest Mortgage Market Snapshot from Twenty7tec. Data from Insight Pro shows this represents a 19% increase compared with February and a 17% rise year on year, marking the highest…
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With just three months until new buy now pay later (BNPL) regulations come into force on 15th July 2026, RSM UK warns firms need to ensure they are fully prepared for the changes now, or face no longer being authorised to provide credit to consumers. Zoe Morton, Consulting Director at RSM UK said “Firms providing…
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Adverts which used edited, unauthorised clips of Martin Lewis to make misleading claims about average motor finance compensation and used the Financial Conduct Authority (FCA) logo without permission have been banned by the FCA. Conclusive Financial Ltd (Conclusive), a claims management company (CMC) which also trades as PCP Refunds, was required to remove its advertising…
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The Financial Conduct Authority (FCA) has outlined new measures that aim to give consumers and businesses greater control over their financial data to help secure better deals. The FCA says that open finance will unlock the potential for people and businesses to share their financial data securely with a range of financial services providers, helping…
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IDenteq has announced that it has appointed Nisha Korpal as Chief Growth Officer. Korpal brings over 18 years of experience across data, software and financial services, with deep expertise in credit risk and collections, and a strong track record of scaling digital customer solutions, translating complex data into actionable insight, and driving sustained commercial growth…
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New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew by 2% in February 2026 compared with the same month in 2025. The corresponding value of new business was 5% higher over the same period. In the first two months of 2026, new business volumes grew…
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Latest data from the Royal Institution of Chartered Surveyors (RICS) has found the market losing momentum as rising borrowing costs and wider geopolitical uncertainty weighed heavily on buyer confidence and sales activity. New buyer enquiries fell to a net balance of -39%, down from -29% in February, marking the weakest reading since August 2023. Agreed…
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New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 5% in February 2026 compared with the same month in 2025. In the first two months of 2026, new business in this market was 4% higher than in the same period in 2025. The credit card and…
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A criminal from London has been sentenced at Southwark Crown Court to four years and five months in prison after defrauding customers of potentially up to £500,000 over 19 months. The sentencing follows investigation and arrest by a specialist banking industry-sponsored police unit, the Dedicated Card and Payment Crime Unit (DCPCU). Between October 2022 and…
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Some of the UK’s leading lenders have expressed their frustrations with UK banking regulation in a new report from the Association for Financial Markets in Europe (AFME). AFME welcomes the FPC’s move to lower its benchmark for Tier 1 capital requirements, which reflects both the effectiveness of postcrisis reforms and improvements in risk measurement. However, AFME cautions that a reduction…
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Mortgage rates have risen significantly since the start of the war in Iran, leaving homeowners facing steep increases in monthly payments – at a time when living costs are already rising across the board, warns Sprive. According to Moneyfacts, the lowest available 2-year fixed deal before the start of the conflict in the Middle East…
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The Government has announced a crackdown on unwanted and misleading subscriptions, which will save consumers around £400 million every year. The new rules will make it simpler and far less painful to escape unwanted subscriptions, stop people from being silently rolled onto expensive contracts and ensure that companies are upfront and open when selling subscription…
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