Entries by Stephen Kiely

Debt charity welcomes May launch for Breathing Space scheme

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has welcomed the government’s confirmation that the new statutory Breathing Space scheme will go live on 4th May 2021. The news, confirmed in regulations laid in Parliament today, will mean that people in problem debt will be able to access 60 days […]

Breathing Space regulations herald welcome relief ahead to help people resolve debt problems, says StepChange

StepChange Debt Charity warmly welcomes the publication of the draft regulations to implement a Breathing Space scheme that will give people in debt a better chance to stabilise their finances, with the benefit of debt advice, through a 60-day moratorium on interest, charges and enforcement action while they do. The Government has confirmed that the […]

Comment: FCA support for consumer credit and our concerns

Following the news that the FCA has confirmed additional support for motor finance and high-cost credit customers who continue to face payment difficulties as a result of coronavirus, John Perez, Partner at DWF, said: “Lenders will need to give careful consideration on how they treat accrued interest on missed payments during the deferral period. The […]

Comment on FCA’s confirmed support measures for motor finance and credit customers

Following confirmation from the FCA today on additional support measures for motor finance and high cost credit customers, Nick Hill, money expert at the Money and Pensions Service said: “The extension of support measures confirmed today, including for motor finance and high cost credit customers, could be helpful for people who are experiencing temporary payment […]

Leading SME lending portal awaits anticipated Chancellor’s announcement emphasising the proposed bold steps are critical to the viability of 60% of SMEs

Funding Xchange, the leading government approved portal helping small businesses access loans which have been unavailable through their mainstream bank, is applauding the anticipated announcement from the Chancellor that is expected to allow repayment flexibility to the millions of SMEs that have taken advantage of the Coronavirus Loan Schemes guaranteed by the government. In the […]

Financial services staff most likely to play by the rules – unlike government workers

Staff in the banking and financial services (FS) industry are three times more likely to follow processes “rigorously” than government workers, according to new research surveying senior decision-makers by Digital Intelligence company ABBYY. In fact, almost half (46%) of banking and FS workers rigorously follow the rules, compared to just 15% in government. However, banking […]

Nivo launches innovative Broker <> Lender Messenger service to meet the first challenge from its new Second Charge Lenders Technology Steering Committee

Nivo has launched a new B2B digital messenger service as a direct result of feedback from its recently formed Second Charge Lenders Technology Steering Committee. Several members of the lender committee contributed to the development of the service with Optimum Credit, United Trust Bank and Freedom Finance already running cases. Conveyancer brands on Nivo, along […]