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Premium: Amid new FCA proposals, and payment holidays surging into the millions, lenders face a defining challenge in credit risk and collections

Premium: Amid new FCA proposals, and payment holidays surging into the millions, lenders face a defining challenge in credit risk and collections

19 Jun 2020
Soon after new guidance was announced this morning (June 19) for payment holidays on credit cards and personal loans, the financial services industry has responded, revealing figures that show 960,000 payment holidays have been granted on credit cards alone
MPs launch campaign for new law to transform government debt collection

MPs launch campaign for new law to transform government debt collection

12 Jun 2020
A cross-party group of MPs has written to the chancellor calling for new legislation that would create root-and-branch reforms of government debt collection practices
CSA responds to debt collection letters campaign: “We've highlighted this issue for many years”

CSA responds to debt collection letters campaign: “We've highlighted this issue for many years”

05 Jun 2020
The Credit Services Association (CSA) has responded in full to the campaign, launched by Martin Lewis this week, for the government to change legislation around debt collection letters, while the FCA sought to clarify the law around sending them
Industry reacts to most profound insolvency law changes in 20 years

Industry reacts to most profound insolvency law changes in 20 years

21 May 2020
New legislation to encourage lenders to help firms trade out of the economic damage left by Covid-19 has been laid before parliament
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