Credit, Collections & Insolvency News
The winners of the 2025 Credit & Collection Industry Awards have been announced following a live in-person event yesterday (Thursday 22nd May) at the Milner Hotel in York There were eighteen winners (four of which were partnership wins) from the twenty awards categories, which were presented by awards compare’ Brennan Reece. The Credit & Collections…
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The Finance & Leasing Association (FLA) has announced that it has appointed Shanika Amarasekara MBE to its board. Amarasekara succeeds Stephen Haddrill, who retires at the end of July. Amarasekara will take up the role at the beginning of August. Amarasekara brings deep experience in supporting economic development and innovation across the financial services landscape.…
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Credit Connect Media has announced its inaugural 2025 Industry Leaders list. The Leaders list will be supported by an in-person launch at the Spring event series, which includes the Commercial Credit & Collections Conference, Credit & Collections Think Tank and Industry Awards that will follow in the evening. The Industry Leaders list is an annual…
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A new report from PIMFA, UK Finance and KPMG UK has revealed opportunities for how the government can further support the UK’s Private Banking and Wealth Management (PBWM) sector in helping to deliver growth, provided four key barriers can be addressed. This comes at a critical time as the Chancellor prepares her growth and competitiveness strategy…
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Target Group has appointed Jonathan Hole as its new Chief Risk Officer (CRO). Hole brings four decades of experience to Target in credit, market and operational risk, including internal and external audit, compliance and approved regulatory functions. Throughout his career he has held several senior roles within major financial institutions such as Barclays, GE Money…
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The Government has announced new legislation will see Buy Now Pay Later (BPNL) lenders fully regulated by the Financial Conduct Authority (FCA), meaning firms will be required to conduct affordability checks on consumers before offering loans. The announcement is backed by brand new reforms as part of the new Consumer Credit Act. The new regulation…
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Skipton Building Society has announced that it has appointed Graham Lindsay as the new Senior Independent Director, following the retirement of Mark Lund. Lindsay brings more than 45 years of wide-ranging executive-level experience in retail, wealth and commercial banking, until 2015 all within Lloyds Banking Group. With hands-on experience from frontline to boardroom, he has…
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New findings from Pepper Money that that over half (51%) of UK adults are now aware of secured lending as an avenue to raise capital. This figure rises to 54% amongst homeowners who may be considering ways to borrow without interrupting their favourable, primary mortgage rate. The latest data marks a notable rise from previous…
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Chorley Building Society has announced it has completed the phase-in of LendingMetrics’ Auto Decision Platform (ADP) and is now fully on stream. The Society chose LendingMetrics’ ADP after considering a range of alternatives. Key factors determining the selection were ADP’s ability to deliver a sophisticated semi-automated customer assessment in milliseconds, reducing the level of manual…
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New research from The Current Account Switch Service has revealed that one in four (24%) UK adults have less than £250 in their current account. The data also shows a decline in those with higher balances in their current accounts, with a 15% decrease of those with over £2,500 since 2021. A vast majority of…
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Consumers are increasingly using credit to pay for insurance cover and switching to monthly payments for car and home insurance to manage their bills, new research from Premium Credit shows has found. Premium Credit’s Insurance Index, now in its sixth year, found that 76% of insurance customers use some form of credit to pay for…
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Global business and technology leaders are already seeing benefits from the use of AI and automation, with over three-quarters (78%) reporting measurable improvements in the ability to detect fraud and manage risk after their organisation’s integration of the technology, according to research by FIS in collaboration with Oxford Economics. To combat this disharmony, businesses across…
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Latest Financial Conduct Authority (FCA research has found that one in ten people lack any cash savings, raising concerns about their ability to manage emergency expenses. The data showed that 21% have less than £1,000 to draw on in an emergency. The regulator’s research also shows that one in four people in the UK have…
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