UK Finance

Roll-out of new £100 contactless limit begins today

UK Finance has announced that the national roll-out of the new £100 spending limit for contactless card payments will begin today.

Published 15 October 2021

Over half of new mortgages are due to end after owners reach 65th birthday

More than 50% of new mortgage lending is going to individuals who will not have paid off their home loan before their 65th birthday, according to a new report released by UK Finance.

Published 20 September 2021

UK Finance urges public to give pandemic pennies to charity

UK Finance is urging the British public to donate the spare change they have accumulated during the pandemic to charity.

Published 3 September 2021

Contactless limit to increase to £100 from 15 October

The national roll-out of the new £100 spending limit for contactless card payments will begin from 15 October 2021, according to UK Finance.

Published 27 August 2021

£700k lost to bank transfer scams every day, Which? reveals

More than £700,000 is being lost to bank transfer scams every day, new Which? research has revealed as the consumer champion calls for stronger protections to fix an unfair and inconsistent industry approach to reimbursement that currently results in less than half of losses being returned to victims.

Published 28 May 2021

UK Finance: Increasing number of UK home owners expected to fall into mortgage arrears

More UK homeowners are expected to fall into mortgage arrears this year as the economic repercussions of the COVID-19 continue to wreak havoc, according to new figures released by UK Finance.

Published 14 May 2021

'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