Credit, Collections & Insolvency News
Ofgem boss Jonathan Brearley has told MPs the regulator expects the price cap to increase by more than £800 this October as the war in Ukraine continues to exacerbate the energy crisis. Appearing before the Business, Energy and Industrial Strategy (BEIS) Committee both Brearley and former Ofgem Chief Executive Dermot Nolan apologised for not intervening…
Read more
Digital bank Tandem has announced the appointment of a key appointment within its executive team. Georgina Whalley joins Tandem in the newly created senior role of Chief Impact and Marketing Officer. Whalley is mandated with accelerating and amplifying Whalley joins Tandem having held senior roles at global consumer fintech Openpay for the past three years,…
Read more
The Credit Services Association (CSA) has been recognised at the Lincolnshire Apprenticeship Champion Awards 2022. CSA were winners of the Training Provider award, having been nominated by Lincolnshire Trading Standards for its compliance and risk training. Feedback from the judges praised the work of the CSA stating: “Credit Services Association designed a programme that supports…
Read more
Connected Data has announced that has appointed Emma Peach as General Counsel and Data Protection Officer. Peach brings with her over 30 years of experience in commercial and privacy law, having held senior leadership roles across some of the world’s largest organisations in the data and financial services space, including Experian and TransUnion. She has…
Read more
One in five people in Scotland are running out of money before payday, new polling for Citizens Advice Scotland (CAS) by YouGov has revealed. The polling shows 9 per cent of people always run out of money before pay day – defined as wages as well as pensions and benefit payments. A further 11 per…
Read more
Membership of Credit Unions has risen to an all-time high, with these financial institutions lending more money than ever as the cost-of-living crisis worsens. The Bank of England’s latest data shows that over 1.9 million people in the UK are now members of a Credit Union. Borrowing from Credit Unions is particularly common in Northern…
Read more
Amigo Loans has been granted court approval to pay compensation to past customers’ mis-sold loans and a chance to stay in business and resume lending. The High Court approved a new scheme that will see the sub-prime lender pay a higher proportion of the value of claims to customers than previously proposed. Commenting on the…
Read more
Consumer spending stalled in April in the first sign that the cost of living is starting to hit the pockets of the average household, according to Nationwide Building Society’s latest Spending Report. As households appear to be starting to reduce spend, the rising costs of goods and services threatens to undermine their efforts, the data…
Read more
Perch Group has announced it has completed of a management buy-out (MBO) and the creation of a significant new committed facility provided by Quilam Capital. The MBO will see the incumbent management team comprising Craig Hinchliffe, Andrew Bartle, Gary Edwards, Max Houghton, Simon Unsworth, and Quilam Capital, take control of the fast growing digital led…
Read more
Over a quarter (26%) of UK small or medium-sized enterprises (SMEs) have seen the number of late payments they receive increase since the cost of living has gone up, according to new research from Barclays. The new findings indicate that rising prices have started to impact payments between businesses, as 16% of SMEs said that…
Read more
The global economy remains challenged by supply chain issues and high energy prices, with the Russia-Ukraine conflict further increasing commodity prices and inflation, according to new a report by Atradius. The report highlights that global recovery from the impact of the pandemic has been thwarted by the Russia-Ukraine conflict, which is having a negative impact…
Read more
A new white paper from industry body Water UK has highlighted the concerns around water bull affordability. The report sets out the sector’s vision for an improved water system in England by 2050. With water companies facing unprecedented challenges over the next three decades, the sector is calling for urgent action to avoid future generations…
Read more
Families faced with uncertainties about how they can make ends meet with soaring living costs are not getting the kind of backup from the government that helped them survive the pandemic, a study has found. The research, from the Centre for Research in Social Policy (CRSP) at Loughborough University, funded by Joseph Rowntree Foundation, has followed a group…
Read more