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Peer2Peer Finance News | April 22, 2018

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consumer credit

Consumer credit demand falls at fastest rate for three years

April 13, 2018 |

LENDERS saw the biggest drop in demand for unsecured credit for three years during the first quarter of 2018.

The Bank of England’s first quarter credit conditions survey asked lenders about their opinion on credit conditions and assigned a value … Read More

Consumer credit is on the rise again

March 29, 2018 |

THE PACE of consumer credit growth increased in February after a slowdown at the turn of the year, due to higher spending on credit cards.

Bank of England data, released on Thursday, showed that personal borrowing increased by 9.4 per … Read More

Consumer credit growth continues to slow

March 1, 2018 |

CONSUMER credit growth slowed at the start of the year driven by a fall in the amount borrowed for personal loans, Bank of England data shows.

The January data reveals consumer credit lending grew 9.3 per cent annually in January, … Read More

Consumer credit regulation “largest” challenge FCA has faced

February 27, 2018 |

THE FINANCIAL Conduct Authority (FCA) has urged consumer credit firms to ensure their lending is “affordable and sustainable” as its boss described taking over regulation of the sector as the City watchdog’s biggest challenge to date.

Andrew Bailey (pictured), chief … Read More

Consumer credit falls for first time in five years

February 26, 2018 |

CONSUMER credit declined for the first time since 2013 as households scaled back borrowing in January.

Figures from banking trade body UK Finance shows the value of consumer credit – incorporating loans, credit cards and overdrafts – fell 0.2 per … Read More

Consumer credit growth slows to 18-month low

November 29, 2017 |

CONSUMER lending grew at its slowest pace in 18 months in October, Bank of England data shows.

Figures from the Bank show annual growth in consumer borrowing slowed to 9.6 per cent in October, the slowest increase since April 2016. … Read More

Fintech ‘must not lessen consumer protection’

November 6, 2017 |

FINTECH is creating more efficient ways of borrowing and investing, but this must not be at the expense of consumer protection, the Financial Conduct Authority (FCA) has suggested.

The comments form part of the City regulator’s ‘Mission’, a series of … Read More

Credit boom will leave households vulnerable when rates rise

October 27, 2017 |

AN INTEREST rate hike could leave over-leveraged households short of money, S&P Global Ratings has warned.

A report by the credit ratings and research agency found consumer lending across the world’s developed countries reached $29.6trn (£22.6trn) at the end of … Read More

Banks rein in unsecured lending

October 12, 2017 |

A DROP in unsecured lending to UK households suggests lenders have taken heed of the Bank of England’s warning on ballooning consumer credit.

The central bank’s latest credit conditions survey reveals the availability of unsecured lending fell in the third … Read More

FCA chief outlines consumer credit concerns

October 4, 2017 |

THE HEAD of the City regulator has re-iterated his concerns about the risks that the rapidly growing personal debt market poses to consumers.

Andrew Bailey (pictured), chief executive of the Financial Conduct Authority, said in a speech at Mansion House … Read More