Credit, Collections & Insolvency News
Confidence in the UK’s ability to regulate fraud has collapsed to a historic low as the payments industry grapples with an explosion in AI-powered attacks, according to a comprehensive three-year analysis revealing the steepest decline in regulatory trust on record. according to analysis by The Payments Association. The research reveals a significant decline in confidence in…
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Pepper Advantage has appointed OSB Group Chief Executive Andy Golding as the company’s first group board Chair. Golding joined OSB Group in December 2011 and under his tenure, the company has grown its deposits and loan originations, strengthened its capital and liquidity position, and increased its position in the UK market. Previously, Golding served as…
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Concerns over fraud have escalated sharply across the UK financial sector, with 68% of firms saying they are more worried about it today than 18 months ago, according to a new report from Dun & Bradstreet. The data showed that 82% of UK financial services organisations say they are ‘concerned’ about fraud risk, and among…
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New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 10% in August 2025. Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said…
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New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in August 2025 by 5% compared with the same month in 2024. The corresponding value of new business was 1% lower over the same period. In the eight months to August 2025, new business volumes held…
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New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in August 2025 by 2% compared with the same month in 2024. In the eight months to August 2025, new business in this market was 4% higher than in the same period in 2024. The credit card and…
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Connected Data has announced that it has appointed Simon Gregory as its new Sales Director. Gregory brings a wealth of experience in data, software, and services sales, with a proven track record of driving customer-centric outcomes and leading complex data sales initiatives. Prior to joining Connected Data, Gregory led the Sales function at Data on…
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Jaja Finance has announced the appointment of Dave Goodman as its new Executive Chairman Designate, whilst FCA approval is finalised. In this newly created role as Executive Chairman Designate, Goodman will lead the board, support Jaja’s leadership team in delivering its strategic vision and provide expert guidance on scaling profitable portfolios. He will also ensure…
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Most banks and financial service providers in the UK are now using artificial intelligence (AI) to power their services, according to new research from CRIF. Six in ten (62%) finance professionals, rising to over two-thirds of banking professionals (68%) specifically, report that their company is already using AI, with one in five (19%) saying that…
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Commsave Credit Union has appointed Matt Goulding as its new Chief Executive Officer (CEO) Goulding brings more than 17 years of experience in the credit union sector, having led two financial co-operatives through significant periods of growth. Commsave has recorded one of its strongest periods of new membership growth in recent years – with over…
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One in five (19%) of professionals have admitted to secretly juggling two competing jobs – known as polygamous working – and nearly a quarter (24%) think it’s ‘justifiable’, according to research published by fraud prevention service, Cifas. The ‘Workplace Fraud Trends’ research from Cifas surveyed 2,000 employees across different sectors – from HR to engineering…
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Buying a home could be cheaper than renting in most major UK cities, according to Lloyds Bank analysis. The data shows that first-time buyers can save an average of £225 monthly by purchasing a home instead of renting. Their analysis shows that mortgage payments are typically 17% cheaper than rental costs in most major UK cities outside…
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It would now take 52 years’ worth of typical earnings – £1.3 million in total – to move from the middle to the top of the wealth distribution, as wealth gaps continue to grow across Britain, according to new research from the Resolution Foundation. A new report examined the scale and distribution of household wealth…
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