Credit, Collections & Insolvency News
A further 67 companies have signed up to HM Treasury’s Women in Finance Charter, including J.P. Morgan, Bupa, Admiral Group, Equifax, Investec Asset Management, and Yorkshire Building Society, taking the total number of signatories to 272. This means that the Charter now covers over 760,000 financial services employees in the UK. John Glen, Economic Secretary to…
Read moreThe National Housing Federation, the Scottish Federation of Housing Associations, Community Housing Cymru and the Northern Irish Federation of Housing Associations, are joining together to warn that the Universal Credit system is “flawed” and causing debt, suffering and hardship for the families they house. Together these organisations represent more than 1,000 housing associations housing over…
Read more
A new survey from Aegon shows that 14% of people think they will still be paying their mortgage at age 70. The research says that traditionally, mortgages were paid off well before typical retirement ages but new research from pension and investment company Aegon has found that 14% of people believe they will still be…
Read more
Conal Furie has been appointed as Head of IT and Digital at Startline Motor Finance, taking charge of all of the company’s technology operations. Furie has almost a quarter century of working in IT in the motor retail sector, having started his career as an IT support specialist at Lex Retail Group in 1992. Notable…
Read moreOne-in-five (22%) British adults have had an outstanding credit card balance for at least six months, including the 4% of British adults who have had an outstanding balance for over five years, according to a survey of over 2,000 British adults by insolvency trade body R3. The research, part of a long-running survey of Britain’s…
Read more
New research from TDX Group has indicated that people living in East Anglia, Brighton and Newcastle residents are the most likely to be insolvent. Commenting on the research Richard Haymes, Head of Financial Difficulties at TDX Group, an Equifax said “Our latest research shows a significant and growing disparity between the level of individual insolvencies across…
Read more
Hinckley & Rugby Building Society has appointed Colin Fyfe as its new Chief Executive. Fyfe is currently Chief Executive at Darlington Building Society, will succeed Chris White who is retiring in early 2019 after 30 years at Hinckley & Rugby. Hinckley & Rugby chairman Colin Franklin said “After a very detailed selection process, the board was…
Read moreEquifax and consents.online have announced that they have launched an Open Banking platform which for the first time allows UK consumers and small businesses to manage the sharing of their financial information. The alliance has been established to develop solutions for the UK’s Open Banking initiative which gives online banking customers the ability to share their…
Read more
New figures released by the Finance & Leasing Association (FLA) show that new business in the point of sale (POS) consumer new car finance market grew 15% by value and 10% by volume in May, compared with the same month in 2017. The percentage of private new car sales financed by FLA members through the…
Read more
Latest figures from the Finance & Leasing Association (FLA) have shown that there is modest growth in second charge mortgage volumes in May. Commenting on the May 2018 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said“The May figures…
Read more
Latest figures released by the Finance & Leasing Association (FLA) show that consumer finance new business in May grew by 11%, compared with the same month last year. Credit card and personal loan new business together grew by 11% in May, while retail store and online credit new business increased by 8%. Second charge mortgage…
Read more
Callcredit has launched a new and unique multi-bureau data solution in Ireland. Recently acquired by TransUnion, which has offices in Cork, Callcredit is already partnering with leading Irish businesses to help them make more informed assessments of consumers’ affordability and risk when it comes to providing credit. Combining data from multiple sources, including the Irish…
Read more
The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have published a joint discussion paper on an approach to improve the operational resilience of firms and financial market infrastructures. The paper follows the payments chaos which followed a hardware failure at Visa that hit millions of transactions across Europe in June,…
Read more