[LINKS]: Links of the week

See all the links and our weekly headline roundup here.

  1. UK Credit Card Balances Show Stability Amid Economic Pressure
    The average credit card balance in the UK remained steady at £1,735 in September, despite ongoing economic challenges. Read more
  2. Aldermore Bank Forms Strategic Alliance with Mambu
    UK’s Aldermore Bank has entered into a strategic partnership with Mambu, enhancing its financial service offerings. Read more
  3. Metro Bank Announces Workforce Reduction and Branch Hours Review
    Metro Bank plans to cut 20% of its staff and revise branch operating hours in a cost-cutting initiative. Read more
  4. Coventry Building Society Eyes Co-operative Bank Takeover
    Discussions are underway for Coventry Building Society to potentially take over the Co-operative Bank. Read more
  5. FCA Highlights Competitive Cash Savings Market
    The Financial Conduct Authority reports an increasingly competitive savings market with higher interest rates. Read more
  6. RBC Hit with $7.5 Million Fine for AML Regulation Breaches
    Royal Bank of Canada faces a significant fine for failing to comply with anti-money laundering regulations. Read more
  7. Household Debt Costs Expected to Double, OBR Reports
    The Office for Budget Responsibility predicts a substantial increase in household debt costs. Read more
  8. Metaverse Adoption Challenges Highlighted in Industry Think Tank
    The credit and collections industry discusses the rapid pace and challenges of adopting Metaverse technologies. Read more
  9. BNPL Usage Expected to Surge During Christmas, Citizens Advice Warns
    Citizens Advice anticipates a significant increase in Buy Now Pay Later usage for festive spending. Read more
  10. UK Lagging in Global Digital Transformation, Study Finds
    A report reveals that the UK is falling behind in leveraging value from new technology compared to global counterparts. Read more
  11. 2023 Credit & Collections Tech Think Tank Reviews Industry Trends
    The think tank focuses on evolving consumer behavior, technology integration, and regulatory changes in credit and collections. Read more
  12. One-Third of Shoppers Plan to Haggle Over Christmas Prices
    A survey shows that a significant portion of consumers intend to negotiate prices during Christmas shopping. Read more
  13. Renters Pay Significantly Above Advertised Rates, Poll Reveals
    Many renters are paying on average £1,200 more annually than the advertised property rates. Read more
  14. Consumer Financial Optimism on the Rise, TransUnion Reports
    Research indicates an increase in positive sentiment regarding personal finances, especially among Gen Z. Read more
  15. Adverse Credit Likely for 900,000 Mortgage Customers in 2024
    Pepper Money’s study predicts a rise in adverse credit issues among potential mortgage customers. Read more
  16. Millions to Struggle with Heating Costs This Christmas
    A substantial number of UK adults are expected to face difficulties in affording heating during the festive season. Read more
  17. CFPB’s Debt Collection Rule Clarifies Social Media Communication
    The new rule sets guidelines for debt collectors communicating through social media platforms. Read more
  18. US Consumer Credit Card Debt Hits Record Levels Pre-Holidays
    American consumer credit card debt has reached unprecedented levels ahead of the holiday season. Read more
  19. MPs Urge Caution in Digital Pound Introduction
    The UK Treasury Committee calls for careful consideration in the rollout of a digital pound to ensure cash access and privacy. Read more
  20. Spotify to Cut 1,500 Jobs in Cost-Reduction Strategy
    Spotify announces a workforce reduction of 17% as part of its cost management efforts. Read more
See also  LINKS ¦ Headlines and stories of interest - this week

RO-AR insider newsletter

Receive notifications of new RO-AR content notifications: Also subscribe here - unsubscribe anytime