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
In 2019, the retail banking and wealth management team at HSBC took the Consumer Credit Team of the Year trophy. Their entry, shown here, showcased how they deployed Open Banking, slashed delinquency rates and improved analytics
With just weeks left before a potential disorderly exit from the EU, Credit Strategy highlights why credit professionals should be aware of consumers’ inability to absorb a shock and why younger customers could be most at risk
Debt charity Christians Against Poverty undertook an in-depth review of vulnerability and its many forms in its Stacked Against report. At the Credit Summit, director of external affairs Dawn Stobart and social policy manager Rachel Gregory outlined their findings. Here are some highlights
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