HBOS has become the first major lender to argue the industry needs access to data on council tax arrears to make better judgements about credit risk of individual borrowers.
Such arrears are often the first sign of financial difficulty, the bank says, and relevant data should be included in data set to be shared between banks to ensure customers cannot overborrow, writes The Times HBOS also wants access to student debt data – a move that is likely to be even more controversial as MPs and others are already rejecting both calls. The Daily Telegraph chooses to focus on HBOS chief executive James Crosby’s statement that the bank does not see a crisis of lending. Instead the UK is set for a ‘soft landing’ because the credit cycle has not changed along with a ...
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