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Study: Consumer borrowing declines in January

clock March 2, 2013 09:30 by author Sean Albert
The British economy has stagnated a bit in recent months, despite several initiatives by the government and Bank of England.In a column for The Telgraph, Gerard Lyons, chief economic adviser to London Mayor Boris Johnson, suggested that more spending and increased lending are two of the biggest keys to recovery. However, a recent study by the Briti... [More]

Alternative lending summit to be held in London

clock March 2, 2013 07:00 by author Sean Albert
Short term lending, both for businesses and consumers, has stalled throughout the United Kingdom. With recent government and Bank of England initiatives failing to accomplish their goals, economists are searching for alternative methods to spark the business sector. To compound the issue, David Dooks, statistics director at the British Bankers... [More]

UK lending dips in January, credit rating downgraded

clock March 1, 2013 10:45 by author Sean Albert
The end of 2012 did not bode well for small and medium-sized enterprise (SME) borrowing in the United Kingdom, and the SME sector has not fared any better to start the new year, according to a study by the British Bankers Association."January's severe weather impacted adversely on what was already a subdued picture of borrowing demand from... [More]

Alternative short term lending could spur small business growth in UK

clock February 25, 2013 12:00 by author Missy Rogers
Lending in the United Kingdom has stagnated, and recent government initiatives to spur growth have proven largely unsuccessful, according to a recent BBC report. A study by the Public Accounts Committee revealed that the Treasury's attempts at boosting short term lending has "achieved just 15 percent of its intended tak... [More]

Debt collection data may be low among N.J. students in coming years

clock February 21, 2013 10:45 by author Missy Rogers
The Consumer Financial Protection Bureau (CFPB) announced it is investigating trends in credit cards and other financial services marketed to college students just one week before New Jersey Governor Chris Christie made direct sales of consumer credit accounts illegal at all public colleges in the state.Consumer advocates curious about college... [More]