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The Money Statistics July 2017
Tuesday, 04 July 2017
Striking numbers 
National Credit Regulator refers Foschini Retail Group (Pty) Ltd to the National Consumer Tribunal
Tuesday, 04 July 2017
The National Credit Regulator (NCR) has announced that it has referred Foschini Retail Group (Pty) (Foschini) to the National Consumer Tribunal (Tribunal) following an investigation by the NCR which revealed Foschini has charged consumers a club fee on credit agreements. The club fee charged by Foschini is reflected in consumers’ credit agreements. The charging of a club fee on credit agreements is not permitted by the National Credit Act. 
Money on your mind? The Public Sector is one of the top industries for a pay rise right now
Tuesday, 04 July 2017
Despite there being a great amount of uncertainty following the general election in June, it’s positive news for workers in the Public Sector, as average salaries rose by 6% in June, when compared with data from June 2016.  This is according to the latest statistics from the UK’s leading independent job board,   CV-Library  .
Scottish Building Society choose Whistlebrook's Treasury Management System
Tuesday, 04 July 2017
Whistlebrook Limited, a leading provider of back office solutions for the financial services industry, is pleased to announce that Scottish Building Society has chosen Whistlebrook's Treasury Management System (WTMS), to replace its existing solution.
FLA welcomes UK Finance launch
Tuesday, 04 July 2017
Commenting on the launch of UK Finance, which replaces a number of existing financial services trade bodies, Stephen Sklaroff, Director General of the Finance & Leasing Association (FLA), said:  “We wish UK Finance well on its first day of operation, and look forward to working with them to develop further the close relations we had with their predecessors.”
UK Finance Launches
Monday, 03 July 2017
From today, the finance and banking industry operating in the UK will be represented by a new trade association, UK Finance.
Open Banking; six month countdown to an industry revolution
Monday, 03 July 2017
Roger Vincent, Head of Banking and Innovation at Equifax, comments:  “The banking industry is set for a huge customer-centric shake-up with the implementation of Open Banking phase two in January 2018. This exciting development will dramatically change the customer banking experience, helping consumers and businesses to use their financial transaction data to access products more easily and better understand their finances.  
'British households increasingly turning to credit to make ends meet as finances stretch'
Friday, 30 June 2017
The latest Disposable Income Index (DII) published today by ISA provider Scottish Friendly reveals that three quarters (76%) of British households are reliant on credit to make ends meet. Nearly one in five (17%) Brits who are credit dependent found themselves short of money on more than five occasions in the last 12 months and needed credit to support themselves until their next pay cheque.
RCI Bank increases rates across fixed term accounts
Friday, 30 June 2017
The award winning* savings provider RCI Bank has today announced rate increases across all three of its fixed rate accounts, effective from today.
Do ‘Just About Managing’ families really need to pay a premium for credit?
Friday, 30 June 2017
An industry-first credit line product is proving that many of the UK’s hard-working families (some known as ‘JAMs’) do not need to pay an expensive premium for access to credit, proving that it is possible for financial services providers to price for risk whilst still offering fair products for consumers.  
Consumer credit continues “relentless” growth
Thursday, 29 June 2017
The Bank of England has today published its latest monthly Money and Credit report, showing consumer credit grew by £1.7 billion in May, the highest amount since last November and higher than the six-month average of £1.5 billion.  The annual rate of growth in consumer credit remained at 10.3% in the year to May.
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