Credit, Collections & Insolvency News
Latest data from the Ministry of Justice has shown that mortgage possession claims rose by 56% in the last quarter (July to September 2024) when compared to same quarter in 2023. The latest quarter saw a total of 6,525 mortgage possession claims compared to the same quarter of 2023 (4,188) and a significant 77% increase…
Read more
New research from Nucleus’s Retirement Confidence Index has revealed that the majority of adults are not confident they will have enough money to live comfortably in retirement. More than 4,300 people aged 18 and above took part in the recent YouGov research looking at retirement confidence levels. A total of 60% said they are not…
Read more
The Finance & Leasing Association (FLA) has announced that it has appointed Richard Hoggart, Founder and CEO of DSG Finance Group, to the FLA board. Hoggart has been at DSG Group since the 1990s and steered the organisation from its original sole focus as a broker to launch Unity Auto Finance as a lender. Stephen Haddrill,…
Read more
Global information and insights company TransUnion has expanded its long-standing relationship with LexisNexis® Risk Solutions, a provider of insurance data and advanced analytics, to offer TransUnion’s Affordability Report to insurance providers. Kelli Fielding, Chief Product Officer at TransUnion in the UK, said “Affordability is a particular focus for many insurers at the moment. There is…
Read more
Aryza Group, a provider of financial software solutions, has announced the expansion of its partnership with GoCardless, a global bank payment company. . Since becoming a technology partner in 2022, GoCardless has played a vital role in Aryza’s payment solutions. Through this enhanced partnership, both companies are committed to collaboration, leveraging their synergies to deliver…
Read more
Philip Jenks, who has held leadership roles in the financial services industry for more than 50 years, has been named as a Non-Executive Director for Chetwood Bank. Jenks is a vastly experienced chairman and NED and has demonstrated strong skills across banking, credit risk, technology and management during a long and successful career in financial…
Read more
The Financial Conduct Authority (FCA) has announced that it will consult on extending the time firms have to respond to consumer complaints about motor finance where a non-discretionary commission was involved, and for consumers to refer them to the Financial Ombudsman Service. The proposals are expected to be published within two weeks and, if taken…
Read more
Buy-to-let lender Landbay appointed Anna Macdonald as an independent non-executive director to its board. With over 20 years’ experience in institutional and wealth management, Macdonaldis currently an investment manager at Aubrey Capital Management. She previously worked as a fund manager at Amati Global Investors and Henderson Global Investors. Macdonald is also a well-respected and regular…
Read more
Larger businesses are experiencing far higher levels of fraud than smaller businesses as fraudsters seek to exploit vulnerabilities in organisations with higher numbers of employees, a new survey from accountancy and business advisory firm BDO has found. While a quarter (27%) of small businesses surveyed by the firm said they had suffered fraud in the…
Read more
In response to last month’s Court of Appeal ruling affecting commission disclosure practices, the National Association of Commercial Finance Brokers (NACFB) has swiftly enhanced its support for ,embers by issuing revised compliance templates and offering targeted guidance. The trade association’s proactive approach has included tactical support from the outset and culminated in the revision of…
Read more
The Co-operative Bank has conducted research to identify the fraud hotspots, looking at the number of fraud cases in different parts of the UK. The research also looked at the most common types of fraud in the UK and how much this is costing victims by using National Fraud Intelligence Bureau (NFIB) data. North Wales…
Read more
Black & White Bridging has appointed Susan Ansermoz as its new Lending Manager, to support the company’s expansion. With a seasoned background in banking and underwriting, Ansermoz joins the company at an exciting time of expansion, ready to play an integral role in furthering Black & White Bridging’s mission to provide truly transparent lending services.…
Read more
Mortgage lending is set to grow 1.6% this year (up from – 0.1% in 2023), 2.6% in 2025 and 3.3% in 2026, as housing affordability improves according to new analysis by EY ITEM Club. The forecast is on the proviso that inflation and interest rates continue to gradually fall following August and November’s Bank of…
Read more