The Financial Conduct Authority (FCA) has fined Equifax Ltd more than £11 million for failing to manage and monitor the security of UK consumer data it had outsourced to its parent company based in the US.
Equifax
New research by credit reference agency Equifax has revealed that the financial uncertainty of 2020 means 85% of people in Scotland will change the way they manage their personal finances in the immediate and long-term future.
New data collected by Equifax has found that 40% of people living in Scotland feel worse off financially due to the coronavirus lockdown.
The size of personal debt in the UK is continuing to rise, with net lending to individuals increasing by £9.68 million a day in March 2018 and the average debt to income ratio per adult rising to 114.4% as of May 2018. A new debt infographic from Equifax looks at how UK consumers are using credit,