Challenging Transition Ahead for Lenders as HMT Breathing Space and Payment-Holiday Conclusions Near
LONDON, May 4, 2021 /PRNewswire/ Collections Departments faced unprecedented challenges throughout the COVID-19 pandemic, from embracing remote working to managing significant payment holiday volumes. And now, they must take action on HMT Breathing Space while transitioning from payment holidays. Auriemma Group s Collections and Recoveries Roundtable has been discussing these events and their corresponding strategies amongst the UK s top financial institutions. These two deadlines are quickly approaching, and along with the unpredictable macroeconomic environment, lenders must leverage learnings from the last year to prepare for the likely spike in volume ahead.