HBOS leads push for council tax data - papers 4 August

clock

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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Brooks Macdonald becomes BAFTA wealth management partner

Brooks Macdonald becomes BAFTA wealth management partner

Partnership starts in 2026

Jen Frost
clock 08 December 2025 • 1 min read
As Reeves scrabbles for Budget funds, is she missing a Covid furlough trick?

As Reeves scrabbles for Budget funds, is she missing a Covid furlough trick?

Creativity key as chancellor faces tough tax and spending choices

Jen Frost
clock 21 November 2025 • 8 min read
Titan Wealth inks Harlequins partnership

Titan Wealth inks Harlequins partnership

Becomes wealth management and women’s partner

Jen Frost
clock 03 October 2025 • 2 min read