Credit, Collections & Insolvency News
The Financial Conduct Authority (FCA) has announced that Sheree Howard has been appointed as Executive Director of Risk and Compliance Oversight (R&CO). Howard is currently Interim Director of R&CO having joined the FCA as a Senior Adviser in December 2017. Prior to joining the FCA, Sheree spent more than 25 years in financial services, both…
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Bluestone Mortgages has announced the appointment of Steve Seal as Managing Director (MD). Seal joined Bluestone Mortgages in September 2017 as Director of Sales & Marketing and brings 24 years of financial services experience to his new role. Since joining the business, Seal has been instrumental in developing Bluestone’s mortgage proposition and positioning the business…
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UK Finance has announced its support for the United Nations Environment Programme Finance Initiative’s ‘Principles for Responsible Banking.’ The Principles align banks with society’s goals as expressed in the UN Sustainable Development Goals (SDGs) and the Paris Climate Agreement. They set a global benchmark on responsible banking and provide actionable guidance on how to achieve this.…
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UK SME banking provider Cashplus has appointed a new Credit Director to drive the company’s focus on SME lending. Rahul Duseja joins from American Express where he was Head of Credit Risk for UK Commercial Cards and Payments. The move comes as Cashplus reveals it filed a banking licence application with the Bank of England…
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CCI Credit Management (CCICM) has won the UK Credit Services Association (CSA) Collector Accreditation Initiative (CAI) Award making its the sixth award this year. The latest win was announced at the CSA gala dinner ceremony in Newcastle. The CSA, which represents over 90% of British credit management companies, recognised that all of CCICM’s registered debt…
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In areas where Universal Credit has been rolled out for at least a year, food banks in the Trussell Trust’s network have seen a 30% increase in demand. In areas with the new system for at least 18 months this jumps to 40%, and increases again to 48% for food banks in areas with Universal…
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The British Retail Consortium (BRC) has launched its latest Payment Survey which shows that credit card spending overtook cash spending in 2018. Whilst debit cards remain the most popular method of payment, accounting for almost three-in-five transactions. The use of cash payments has been falling steadily. Over the past five years, cash use has dropped…
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