Credit, Collections & Insolvency News
The new general data protection regulation will soon be upon us. For any businesses using credit reference agency (CRA) services, whether it’s credit checking or identity verification to help fight fraud, urgent steps must be taken to ensure these services can be maintained. Data sharing between lenders and CRAs and other authorised organisations helps consumers…
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Like most of the financial services industry, the debt collection sector has traditionally been male-dominated. But thankfully things are changing – for the benefit of both businesses and customers. Here at the CSA we have a senior management team made up of several women including our Head of Regulatory Standards & Compliance, Claire Aynsley, who…
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Enforcement specialist JBW Group, have announced they have agreed the recovery of unpaid Road User Charging penalties with a 3-year contract extension with the Highways England Dart Charge Scheme. Following an intensive competitive procurement exercise undertaken by Highways England earlier this year JBW Group, a supplier since the launch of the Dart Charge scheme in November…
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Court Enforcement Services has now that it has appointed authorised High Court Enforcement Officer, Alan Smith. He will report directly to the Board on all compliance aspects of High Court Enforcement. Smith has significant industry knowledge with over 30 years high level management and operational experience within High Court Enforcement. His previous roles include; High Court…
Read morePanel and asset management software and analytics specialist Qualco has appointed Richard (Dicky) Davies as Business Development advisor. Davies joins Qualco with a wealth of experience in both the management and growth of major consumer finance portfolios in the UK financial services sector. He previously held senior business development positions in Barclaycard and Visa Europe,…
Read moreDebt purchaser, Cabot Credit Management has announced that it is to become a wholly-owned subsidiary of Encore Capital Group. The announcement was made as part of the companies latest financial results for the three months ending 31 st March 2018. Commenting on the results Ken Stannard, Chief Executive Officer, Cabot Credit Management, said: “Cabot Credit Management…
Read moreCredit Kudos has announced that it has successfully rolled-out of Open Banking connections with the largest UK banks, becoming the first credit bureau to offer Open Banking services to lenders and individuals. Borrowers can now use Credit Kudos to verify income and demonstrate creditworthiness using their financial history data, giving individuals more control over their…
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Doorstep lender Provident Financial has announced its latest financial results which indicate an upbeat start to 2018. Group Chief Executive, Malcolm Le May, Group Chief Executive, said “I am very pleased with the operational and financial performance of the group during the first quarter of the year and we are on-track to deliver results for…
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Qualco has announced that it has launched its inaugural charity seven-a-side football tournament. The evenet which will take place during the Autumn at Walton Casuals’ new £20 million stadium Waterside Drive in Surrey. Qualco UK is a sponsor of Walton Casuals Juniors FC; it recently donated money to kit out its Under 11s Stags. To mark…
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The number of children growing up in poverty in working households is set to be 1 million (50%) higher this year than in 2010, according to new TUC research published. The analysis – carried out for the TUC by Landman Economics – estimates that 3.1 million children with working parents will be below the official…
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Research from the Federation of Small Businesses (FSB) has highlighted poor payment practices epidemic running through public sector supply chains putting many small firms at risk FSB’s new data, which is part of wider forthcoming research into how the UK can better use supply chains, shows that nine out of ten (89%) public sector suppliers have been paid late. This…
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Credit management specialist, Anglia UK has announced that it has strengthened its senior management team with the appointment of two new directors. Lyn Danaher and Duane Snelling join with more than 20 years’ experience each in the vehicle finance and credit industry. Beginning her career with NatWest, Danaher moved on to work for Deutsche Bank…
Read moreOutsourcing contracts worth £718 million were signed in the UK between January and March, with financial services and retail businesses the most active buyers, according to the Arvato UK Outsourcing Index. The research, compiled by business outsourcing partner Arvato and industry analyst NelsonHall, found that deals worth £363 million were signed in the financial services…
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