Credit Connect exists to deliver news and information to the credit, collections and insolvency sector by sharing news, insight and reports with industry professionals. The brand has been developed to help credit professionals become more knowledgeable.
August 2026: The UK's Open Banking ecosystem recorded more than one billion payments and 100 billion API calls across the CMA9 banks since the initiative launched, marking two milestones in the system's growth. [Credit-Connect]
August 2026: Buy Now, Pay Later products came under FCA regulation on 15 July 2026, introducing stronger consumer protections for the sector for the first time. [Credit-Connect]
August 2026: The FCA suspended elements of its £9.1 billion car finance compensation scheme, delaying payouts to motorists who were owed redress under the programme. [Credit-Connect]
StepChange gives free and non-judgemental debt advice and support to people across the UK. Since 1993, it has helped more than 7.5 million people with debt problems take back control of their finances.
August 2026: StepChange reports that one in six people find credit card repayments a large burden, and the charity has called for stronger consumer protections in the credit card market. [StepChange]
July 2026: StepChange Debt Charity has called for action on social tariffs, citing a rise in the number of clients in arrears on energy and water bills; the charity reports that energy arrears among its clients increased by 32% and water arrears by 22% in the past year. [StepChange]
July 2026: StepChange Debt Charity reports that council tax debt among its clients has reached a record level, adding to a pattern of rising household debt across multiple categories. [StepChange]