Credit, Collections & Insolvency News
New data released from the Council of Mortgage Lenders (CML) has revealed house purchase activity increased month-on-month and year-on-year but remortgage and buy-to-let levels decreased. Paul Smee, director general of the CML said “2016 could have been a potentially destabilising year of regulatory and political change, but the mortgage market has been resilient and adaptable.…
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Jaywing has announced a new partnership with West Bromwich Building Society to develop IFRS 9 and stress testing models as part of an integrated modelling programme that will underpin all regulatory modelling requirements.. One of the biggest challenges faced by lenders today is implementing a solution to IFRS 9 requirements that is proportionate to the…
Read moreThe Financial Conduct Authority (FCA) has issued a warning over an unauthorised personal loans provider called Jazz Loans. The FCA warning statement said “We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised firm and how to…
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