CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Consumer Credit News
Contact Us Newsletter Signup RSS Feeds

Consumer Credit News
‘Team Vida’ raises £5,000 for Shelter
Monday, 21 August 2017
A team of eight Vida Homeloans staff members, consisting of David Tweedy, Louisa Sedgwick, Ian Giles, Simon Burnell, Tommy Wight, Plamen Mitkov, Joshua Dines and Dave Whitford, successfully completed the Prudential RideLondon -Surrey100 on 30th July 2017 to raise £5,000 for Shelter.
BLOG: How “Hard Mark” Credit Checks are Quietly Costing Consumers
Monday, 21 August 2017
It is not unreasonable for consumers to assume that they should be able to assess their eligibility for a loan without damaging their future prospects. The majority of lenders perform hard credit checks on customers when applying for a loan, and as a result are hiking the cost of borrowing for the customers they decline. Sarah Jackson, Director at Equiniti Pancredit, highlights the glitch in the system and explores how lenders can use automation to stay on the right side of their customers. 
Mansfield Building Society's later life offer added to AIR Sourcing
Monday, 21 August 2017
Equity Release Club, the distributor for equity release and later life advisers, and AIR Sourcing, the sourcing system for equity release and retirement lending products, have today announced a new relationship with Mansfield Building Society.
Consumer new car finance volumes down by 8% in June
Wednesday, 16 August 2017
New figures released today by the Finance & Leasing Association (FLA) show that point of sale (POS) consumer new car finance business volumes fell by 8% in June, compared with the same month in 2016, while the value of new business was flat over the same period. In the second quarter of 2017 overall, new business fell 7% by value and 16% by volume.
Second charge mortgage market growth continues in June
Wednesday, 16 August 2017
Commenting on the June 2017 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said:  “In June, the second charge mortgage market reported its fourth consecutive month of growth, with new business up 33% by value and 22% by volume. The number of new second charge mortgages in the first half of 2017 was 10,401, 11% higher than in the same period in 2016.
Consumer finance grows by 7% in June
Wednesday, 16 August 2017
New figures released today by the Finance & Leasing Association (FLA) show growth of 7% in consumer finance new business in June, compared with the same month last year, and growth of 4% in the second quarter of 2017 overall.
Staff incentives, remuneration and performance management in consumer credit – FCA Consultation
Wednesday, 16 August 2017
In July, the FCA issued a consultation document ‘Staff Incentives, Remuneration and Performance Management in Consumer Credit’, seeking feedback from the market by October 4th as they move towards formal plans/guidance. It is likely to have a significant impact on both car sales and finance as MotoNovo Finance Motor Division CEO Karl Werner notes:  “The FCA’s announcement, which is set to affect customer facing staff and their managers across all areas of lending and collection activity, is likely to have a significant impact on both car sales and car financing. Overall, we believe that the changes that are likely to be required will help to enhance consumer and perceptions of dealer finance by ensuring their needs are at the forefront of the credit process.  
Comment on UK Finance (CML) trends in lending for June from Richard Pike
Tuesday, 15 August 2017
Richard Pike, Phoebus Software sales and marketing director, says “It appears that the government plans to get more first-time-buyers onto the property ladder are starting to bear fruit.  Activity in this area of the market reached its highest level since November 2006, with 36,000 purchases in the month.  However, where there are winners there are also losers and the buy-to-let market continues to suffer from the same government intervention.  Nonetheless, it is encouraging, given the recent political upheaval, to see people moving again.  
Digital Micro-Lender Oakam Announces Julie Haugen as Chief Product & Marketing Officer
Monday, 14 August 2017
Oakam, a digital micro-lender for the UK’s unbanked and underbanked consumers, has appointed Julie Haugen to Chief Product & Marketing Officer. Most recently, she was Oakam’s Head of Digital Strategy & Customer Experience, playing an instrumental role in the digital transformation of the business. In her new position, Julie will drive customer-led digital product innovation through closer alignment of Oakam’s marketing and product teams.
Credit life insurance regulations are now in effect
Friday, 11 August 2017
South Africa: Lesiba Mashapa, Company Secretary at the National Credit Regulator (NCR) says the final credit life insurance regulations which prescribe the minimum benefits that must be offered to consumers and the limitations or exclusions that apply to the insurance cover have come into effect on 09 August 2017. These regulations were published in the Government Gazette in February 2017 and were set to come to effect six months after the date of publication. 
Average rents for a two bedroom property increase 27% since 2011 in East of England
Friday, 11 August 2017
Pay has to rise to allow workers to afford these ever rising rents so the public sector pay cap and the below inflation pay rises in both the public and private sectors has to end to avoid a drop in consumer spending, which, if not checked will lead to a further recession says GMB London region.
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Results 1 - 11 of 6168
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

Consumer Sponsor

This Consumer Credit News section is currently available for sponsorship.

Please click here to contact us about our site sponsorship opportunities.

The Credit Excellence Awards


Tuesday 3 October - Guoman Tower Hotel, Central London

Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.

To book your place to attend, please contact Alison Lucas.


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197