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Finantix: Partnership with Capita Consulting

Finantix: Partnership with Capita Consulting Capita consulting, digital services and software business, delivering innovative solutions and simplifying the connections between businesses Finantix the leading global...

Latest Posts

Turntide Technologies: Raises $33M in Funding

Turntide Technologies, a Sunnyvale, Calif.-based company responsible for a sustainable electric motor with digital DNA, completed a $33m funding round Backers included The...

Scorpion Minerals: Completes phase one RC drilling at Pharos

Scorpion Minerals (SCN) has completed phase one reverse circulation (RC) drilling at its Pharos Project in Western Australia Then the company began work...

Westpac: Fined $1.3bn to settle AUSTRAC case

Westpac Banking Corporation (WBC) has agreed to pay $1.3 billion to settle its case with AUSTRAC If the Federal Court of Australia considers...

Vital Metals: Raises $8M to progress operations

Vital Metals (VML) has received firm commitments to undertake an $8 million share placement Approximately 400 million new shares will also issued to...

FCA: Highlights concerns when credit firms allow repeat borrowing

  • The review which completed prior to the coronavirus pandemic, highlights concerns about poor practices by some firms
  • As firms in this sector begin to lend again the report sets out the FCA’s expectations on how they must treat consumers
  • The review found that levels of debt increased as consumers took additional credit from high-cost lenders
  • High-cost credit customers more likely to be vulnerable have low financial resilience and poor credit histories
  • The report also calls out concerns about behaviour which suggests some customers may be trying to deal with financial difficulties
  • The FCA made a number of temporary interventions to help consumers who are under additional financial pressure due to the impact of coronavirus

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Latest Posts

Turntide Technologies: Raises $33M in Funding

Turntide Technologies, a Sunnyvale, Calif.-based company responsible for a sustainable electric motor with digital DNA, completed a $33m funding round Backers included The...

Scorpion Minerals: Completes phase one RC drilling at Pharos

Scorpion Minerals (SCN) has completed phase one reverse circulation (RC) drilling at its Pharos Project in Western Australia Then the company began work...

Westpac: Fined $1.3bn to settle AUSTRAC case

Westpac Banking Corporation (WBC) has agreed to pay $1.3 billion to settle its case with AUSTRAC If the Federal Court of Australia considers...

Vital Metals: Raises $8M to progress operations

Vital Metals (VML) has received firm commitments to undertake an $8 million share placement Approximately 400 million new shares will also issued to...

Trending Stories

Turntide Technologies: Raises $33M in Funding

Turntide Technologies, a Sunnyvale, Calif.-based company responsible for a sustainable electric motor with digital DNA, completed a $33m funding round Backers included The...

Scorpion Minerals: Completes phase one RC drilling at Pharos

Scorpion Minerals (SCN) has completed phase one reverse circulation (RC) drilling at its Pharos Project in Western Australia Then the company began work...

Westpac: Fined $1.3bn to settle AUSTRAC case

Westpac Banking Corporation (WBC) has agreed to pay $1.3 billion to settle its case with AUSTRAC If the Federal Court of Australia considers...

Vital Metals: Raises $8M to progress operations

Vital Metals (VML) has received firm commitments to undertake an $8 million share placement Approximately 400 million new shares will also issued to...

Fluence Corporation: Secures $3.2M for Egyptian project upgrade

Fluence Corporation (FLC) has secured US$3.2 million (around A$4.5 million) for a project upgrade in Egypt The funds won through its joint venture...

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