Monthly Archives: January 2012
Payday lenders will face a barrage of new guidelines to adhere to as both the Finance and Leasing Association and the Consumer Finance Association gear up to launch codes of practice for the industry.
The Forum of Private Business is responding with dismay to a government announcement that legislation to improve the pre-pack insolvency sales process, designed to clamp down on ‘phoenix’ companies starting again while leaving their creditors unpaid, will now not go … Continue reading
Late Payments Latest figures have shown that UK companies have formed an increasingly bad habit of late payments, with the average in 2011 paying almost 26 days beyond the agreed terms. Large UK companies were the worst culprits, paying an … Continue reading
The Government has just announced the Financial Services Bill, outlining how the industry will be regulated when the FSA is replaced by two new bodies later this year.
The analysis of fraud trends during 2011 by CIFAS – the UK’s Fraud Prevention Service reveals a disturbing 9% increase in the overall level of fraud, when compared with the previous year, with further key findings presenting a stark picture … Continue reading
Huge reforms to the way data is used and stored on individuals and businesses have been proposed by the European Commission (EC).
The typical debt owed by a UK family has soared by 48% since January 2011, as rising inflation has taken its toll on household incomes, according to the latest Aviva Family Finances report.
Equita, a bailiff firm owned by outsourcing company Capita are being investigated by Birmingham City Council over concerns of its practices in collecting council tax debts.