UK Finance

'Covid generation' preyed on by money launderers

Criminals and scammers are taking advantage of young people's Covid-related financial troubles to hire them to unknowingly launder money, according to Cifas, the fraud prevention services.

Published 10 March 2021

Increasing contactless limit could cause a rise in theft and fraud, finance officials warn

Increasing the contactless payment spending limit could lead to a rise in thefts and fraud, consumer and finance figures have warned.

Published 8 March 2021

UK Finance sets out future model for Open Banking

UK Finance has published detailed proposals for a new service company which will support the UK’s world-leading open banking infrastructure.

Published 3 March 2021

Debt collection agency for COVID-19 loans abandoned

The UK's banking industry is set to abandon plans to establish an agency to collect overdue emergency COVID-19 loans.

Published 16 February 2021

UK Finance: UK lenders issued 130,000 mortgage deferrals at end of December 2020

New figures published by UK Finance show there were 130,000 mortgage payment deferrals in place at the end of December 2020.

Published 20 January 2021

UK banks lent £54bn to SMEs in first nine months of 2020

UK banks lent twice as much to small and medium-sized businesses in the first three quarters of 2020 as in the whole of 2019 with gross lending to SMEs reaching £54 billion between January and September.

Published 8 January 2021

UK mortgage approvals soar ahead of stamp duty cut deadline

Mortgage approvals reached a 13-year high in November, according to figures released by the Bank of England.

Published 5 January 2021

UK banks call for contactless limit to be raised to £100

UK banks are pushing the Treasury to increase the contactless payment limit from £45 to £100.

Published 5 January 2021

FCA announces further payment breaks for mortgage borrowers and consumer credit customers

The Financial Conduct Authority (FCA) has extended its offering of payment deferrals for mortgage and consumer credit customers for the next six months.

Published 2 November 2020

FCA highlights continuing support for consumers struggling with payments during COVID-19

The Financial Conduct Authority (FCA) is urging consumers struggling to make repayments due to the impact of coronavirus to speak to their lenders about options available to them.

Published 22 October 2020

FCA calls for further support for homeowners

The Financial Conduct Authority (FCA) has told banks and lenders to provide further support to homeowners who continue to face financial difficulties due to COVID-19 after the mortgage holiday scheme ends. 

Published 27 August 2020

UK businesses secure £53bn in credit through COVID-19 lending

Over 1.23 million UK businesses have secured almost £53 billion of credit through the UK Government's emergency coronavirus lending schemes.

Published 19 August 2020

UK Finance: Lenders grant 1.9 million mortgage holidays

1.9 million mortgage payment deferrals have been offered to customers impacted by the coronavirus pandemic in the three months since the support scheme was launched, according to the latest figures released by UK Finance.

Published 19 June 2020

Over half of UK payments made by card in 2019

Card and contactless payments continued to increase in 2019, with card payments accounting for over half (51%) of all payments for the first time, according to the latest UK Payment Markets report from UK Finance.

Published 5 June 2020

FCA advises three month extension to mortgage support

The Financial Conduct Authority (FCA) has confirmed that holiday payments for mortgage customers will be extended until the end of October this year in a bid to combat the financial impacts of the coronavirus crisis. 

Published 2 June 2020