Home credit provider Provident Financial has today revealed that the Financial Conduct Authority (FCA) is investigating the “affordability and sustainability” of lending practices in its consumer credit division
TSB has posted a statutory pre-tax loss of £204.6m for 2020, compared with a £46m profit the year before, in a results update that admits its performance was “significantly impacted by the Covid-19 pandemic"
A campaign led by Experian has reduced the number of credit invisibles in the UK by more than 600,000. New data sources will continue to be instrumental in reducing this total further, explains Jonathan Westley
More than 1.5 million SMEs have borrowed a combined £46bn via the Bounce Back Loan Scheme (BBLS) – and the first cohort of customers will begin repayments imminently. Collaborating with PwC, Flexys has developed a digital journey that will help lenders manage such a vast repayment process for these businesses.
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