See our weekly headline roundup, every Friday, here
- UN Adopts Landmark Resolution on AI Safety
The United Nations General Assembly has passed a non-binding resolution led by the United States to promote the development of safe, secure, and trustworthy AI globally. Read more - Consumer Card Spending Growth Halts in March
Following a peak in consumer confidence in February, there was a noticeable slowdown in March, attributed to the rising popularity of “no-spend” challenges. Read more - Average Consumer Borrows £5,600 in Personal Loans Over Lifetime
A study reveals that UK consumers typically borrow around £5,600 through personal loans, with many experiencing stress over repayments. Read more - Klarna Launches Credit Card Challenge
Klarna introduces a new initiative demonstrating the effectiveness of its interest-free Buy Now Pay Later service, with a high rate of timely repayments. Read more - UK Car Insurance Costs Surge Compared to France
Car insurance premiums in the UK have risen significantly, outpacing the actual rise in payouts, sparking calls for regulatory scrutiny. Read more - Thames Water Parent Company Defaults on Debt
Thames Water’s parent company has defaulted on its debts, raising concerns about potential restructuring or collapse. Read more - Changes to Debt Relief Orders to Aid Financially Distressed
The UK government announces modifications to Debt Relief Orders to make them more accessible to those in financial hardship. Read more - Which? Calls for FCA to Address Car Insurance Valuation Issues
The consumer advocacy group urges the UK’s Financial Conduct Authority to tackle the issue of insurers undervaluing claims. Read more - Omnichannel Approach Can Enhance Debt Collection and Customer Service
Experts suggest that integrating multiple communication channels can significantly improve the efficiency of debt collection and overall customer service. Read more - Klarna Reduces Handover of UK Customers to Debt Collectors
With the introduction of late fees, Klarna reports a decrease in the number of UK customers being referred to debt collection agencies. Read more
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