The UK economy grew by more than previously thought in 2012, official figures have shown.

In the UK, The Office of Fair Trading (OFT) has been given the power to suspend any debt collection agency that targets and mis-sells credit to certain vulnerable consumers.

Tax dodgers are being named on a list published by HM Revenue and Customs (HMRC) for the first time, as their affairs come under greater scrutiny.

A report into the top 488 businesses operating in the debt collection agencies industry has found that 50 companies are showing the same characteristics as HMV, Comet and Blockbuster.

Yorkshire Water late payers who miss bill payments could find it harder to take out loans or credit cards following a deal struck between the utility provider and credit reference firm Experian.

Nearly £2 billion in court fines and confiscation orders remains unpaid, new figures have shown, while the Government has admitted it needs to do more to tackle the debt with the usage of Debt Collectors.

The UK tax authority has made a good start at cutting costs but faces a longer term battle to protect customer service, a report has found.

With the UK's Debt Collection Industry coming under ever increasing scrutiny, we take a look at the American Debt Collection Industry and the problems the authorities have to deal with across the water.

THE Government’s move to shake up bailiff regulation could cause a headache for commercial landlords, according to legal experts.

Victims of fraud across the UK will be told to contact the Home Office agency Action Fraud rather than their local force from 1 April.

Britain's big four high street banks could be forced to pay millions of pounds in compensation to small businesses, after the main City regulator found they mis-sold complex insurance products in more than 90% of cases.

The HSBC has decided to recruit a panel of experts to beef up its defences against financial crime, just two months after they were fined almost two billion dollars by US authorities over Mexican money laundering and Iranian sanctions breaches.

A debt advice charity has called for local authorities to be more "considered" about their debt collection methods

Business Restructuring specialist Hilco has taken effective control of music and DVD retailer HMV.

A former fashion model has become one of the country's first millionaire bailiffs.

A hospital trust needs to save £53m over the next five years to stave off insolvency, a health watchdog says.

Regulator imposes requirements on Royal Bank of Scotland's use of charging orders - a debt collection method for recovering unsecured debts that could see borrowers lose their homes.

Solihull-based Secure Trust Bank (STB) has acquired the businesses of a debt collection group for a six-figure sum in a deal advised by the Birmingham office of law firm DLA Piper.

Payday loan company Wonga.com, which charges annual interest rates of up to 4,200 per cent, yesterday warned it plans to start using debt collectors

The Insolvency Service has launched a voluntary exit scheme that is expected to see 50 employees in middle manager positions leave the organisation.