Welcome to the Knowledge Hub, where you can find a range of resources designed to help you get a deeper understanding of the entire credit and lending world. Take a look at the webinars, conference presentations, best practice case studies, recommended reports and insight tools by different industry below.
There is an "urgent" need to regulate all buy-now pay-later firms, according to an FCA-commissioned review that sets out 26 recommendations on unsecured credit
The Consumer Finance Association (CFA) has raised concerns about the composition of the panel advising the Financial Conduct Authority, on the review of unsecured credit and buy now pay later products
A diverse set of speakers from Lloyds Banking Group, HSBC, Klarna, RateSetter, Skipton Building Society and others will appear at the Lending Summit next month, where panellists will explore the completely new territory lenders are moving into
Credit Strategy has launched the full agenda for the Credit Summit, sponsored by Experian, which will feature Evan Davis returning as chair and the Financial Conduct Authority (FCA) delivering a keynote on the regulator’s expectations
The shortlist for the Credit Awards 2020, sponsored by Experian, has been revealed as the event takes on a new digital broadcast format during government restrictions
The Treasury has announced that debt collection letters sent by lenders and collections firms will change to include ’less threatening’ terms and simpler language for customers
Guarantor lender Amigo Loans has announced that Glen Crawford, who was appointed chief executive in only July, has pulled out from the role “after a divergence of views” with fellow board members
Alternative lending group Morses Club saw new lending fall by more than 70% during April, and a steady drop of 20% in cash collections since then, according to a trading update
The number of zero percent offers on credit cards has dropped to a record low, as lenders try to mitigate the rising level of debt write-offs, according to Moneyfacts
Metro Bank has today (June 15) confirmed it is in talks to acquire RateSetter, saying the peer-to-peer lender could accelerate growth across its unsecured consumer lending
Credit Strategy’s analysis of figures from the Financial Ombudsman Service (FOS) show banking and credit complaints plunged nearly 50,000, in the year to April, while large increases were seen in upheld complaints about guarantor loans, home credit and other forms of alternative lending
Total personal insolvencies increased eight percent to more than 10,300 during April, compared to the same month last year, driven largely by a near 40 percent surge in IVAs
Debt purchaser Arrow Global saw pre-tax profits drop over 40 percent for Q1 2020, though the group was boosted by a €356m injection to its NPL fund management business
Credit Strategy has launched the Covid-19 Tracker, a new website section for all members, along with a premium membership package designed to help businesses with staff working at home or furloughed
Credit Strategy and Equifax will explore how lenders can use Open Banking to assess affordability in real time, amid the Covid-19 lockdown, in a webinar on Wednesday April 29
Regulatory proposals for lenders to offer a temporary payment freeze on loans and credit cards, for up to three months, have been confirmed and extended to a wider range of creditors
The government and the Bank of England need to take urgent action to support the non-bank lending market, according to the Finance & Leasing Association (FLA)
The Financial Conduct Authority (FCA) has published its Business Plan for 2020/21, which includes a pledge to monitor the number of over-indebted consumers and arrears volumes in key markets
High-cost, short-term lender Uncle Buck has called in administrators from Harrisons Business Recovery after the Financial Conduct Authority (FCA) required that it stop lending to customers
Barclays has confirmed it will be making changes to its overdrafts and the application process for its mortgage holidays to help customers affected by the coronavirus outbreak
Amigo Loans’ founder James Benamor has resigned from its board just three months after reinstating himself, claiming the guarantor lender is “committing slow-motion suicide while playing out the script from Brewster’s Millions”
Debt solutions including arrears to ’buy now, pay later’ providers have jumped by more than 300 percent in the past six months, according to findings from the Financial Wellness Group
Turnaround, Restructuring and Insolvency news02 Mar 2020
The UK’s largest rent-to-own provider, BrightHouse, is facing an influx of claims over historic practices, which could threaten its ability to continue trading, following a £43.5m pre-tax loss
The government has confirmed it will bring in its plans for a 60-day breathing space for consumers in problem debt – along with the creditors that will have to provide it
Wonga customers seeking compensation for mis-sold loans have started revealing the extent of payment shortfalls, after discovering they’ll receive just 4.3 percent of their claims
The Financial Conduct Authority (FCA) has told credit card firms to review their approaches to borrowers stuck in persistent debt, reminding them they cannot suspend a credit card without justification
The Financial Conduct Authority (FCA) has asked banks to explain their newly-announced pricing structures for overdrafts after rules were introduced banning high charges for unarranged overdrafts
Low-income households have recorded a sharp rise in the use of high-interest consumer credit products over the past decade, research from the Resolution Foundation has found
Santander has announced that from May 5, 2020, interest paid on their flagship 123 account with balances up to £20,000 will be cut to one percent. It has also become the latest bank to set a 39.9 percent overdraft rate
Senior professionals across the credit industry have commended Peter Wallwork for his dedication and passion as chief executive of the Credit Services Association (CSA), after it was announced he’ll be stepping down
MMP Financial, trading as My Money Partner and Swift Sterling, has joined the ranks of alternative lenders which have collapsed over the course of 2019
Around 45,000 customers face financial uncertainty as HJS Recovery insolvency practitioners Shane Biddlecombe and Gordon Johnstone have been appointed to DJS, which traded as Piggybank
The Financial Conduct Authority (FCA) has told guarantor loans lender Amigo Loans it must more clearly explain the risks to people when they agree to act as a guarantor for a friend or family member
The UK’s largest pawnbroker H&T has ceased offering short-term loans “at least temporarily” while the Financial Conduct Authority (FCA) conducts a review of its lending practices
Credit Strategy is delighted to announce the winners of the Lending Awards 2019, sponsored by Experian, in a ceremony held at the Hilton London Bankside Hotel
Credit Strategy is delighted to announce that entries are now open for the 21st annual Credit Awards, the biggest awards programme in the profession, sponsored by Experian
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