Weekly Headline Roundup: 02-08-2024

Headline Update 02-08-2024 :

-> Consumer credit borrowing dips – Credit Connect

-> Businesses who use AI see 38% growth

-> FCA launches review to reduce regulatory burden on financial services firms – Mortgage Strategy

-> Why people — especially young people — are embracing voice notes

-> Council’s huge £12.4m Debt Collection Challenge

-> Open banking marks major milestone of 10 million users

-> Nightmare fuel: 1 in 5 admit to filling up their car with the wrong fuel

-> Revolut handed UK banking licence after three-year wait   – Mortgage Strategy

-> GPT-4o Mini Is a Cheaper, Almost as Good Version of GPT-4o

-> Fortune 500 stands to lose $5bn plus from CrowdStrike incident

-> Cost for moderate retirement is £36,480 per year

-> 6.8m people struggling to pay for essentials

-> Outstanding balances on credit cards increase by 8.3%

-> One in five households have low financial resilience

-> Many people think AI is already sentient – and that’s a big problem