Credit Today online

Credit insurance claims up nearly 50% - 03/07/2009
The total number of trade credit insurance claims increased 48 per cent on a year on year basis to 9,213 in the first quarter of 2009. Full story »

Steep drop in corporate insolvencies - 03/07/2009
The number of UK corporate insolvencies fell steeply last month to 178, far below an average of around 350, but KPMG has warned of a wave of administrations after the summer. Full story »

FSA unveils restructure plans - 03/07/2009
The Financial Services Authority has revealed a radical restructure that will see the regulator integrate its retail and wholesale firm supervision into one business unit. Full story »

White Paper to ban credit card cheques - 02/07/2009
The practice of sending out credit card cheques and extending credit limits without consent could be outlawed, under proposals unveiled in a government White Paper this morning. Full story »

OFT targets ‘high cost credit’ in review - 02/07/2009
The Office of Fair Trading (OFT) is to review the supply of high cost credit in a measure announced in today’s consumer White Paper. Full story »

Protocol launched for council tax collections - 02/07/2009
A protocol to improve council tax arrears collection practices has been launched by Citizens Advice and the Local Government Association (LGA). Full story »

Over 100 IPs face sanctions - 01/07/2009
More than 100 insolvency practitioners faced sanctions in 2008, with penalties ranging from licence withdrawals to fines of up to £10,000, for those who failed to meet industry standards. Full story »

Lowell takes on J2 operation - 01/07/2009
Lowell Group is to offer clients a contingency collections service before sale following its acquisition of the fixed assets of tracing agency J2 Solutions. Full story »

Mass cull of Cattles chiefs - 01/07/2009
Seven senior executives are to leave sub-prime lender Cattles immediately with no compensation for loss of office. In addition, the chairman and chief executive of the company are stepping down with immediate effect following a forensic review by Freshfields Bruckhaus Derringer and Deloitte. Full story »

FSA chairman points to banks’ future - 01/07/2009
Bankers must take responsibility for restoring trust in their sector along with the regulator, according to Financial Services Authority chairman Lord Turner. Full story »