Credit, Collections & Insolvency News
The FCA Consultation Paper announcement marks the move from traditional motor finance commission models – which incentivise the dealer/broker to raise customer interest rates in order to get higher commissions – to an approach that provides more positive outcomes to car buyers. As we saw in the report from earlier this year, the FCA want…
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International deceased account management specialist, Phillips & Cohen Associates (PCA) has announced the appointment of several key European executive roles as it continues to expand internationally. Ana Suarez Minguez, has been appointed as Site Director for the business’ Madrid office and will lead the growth of PCA’s Spanish and Portuguese servicing capability. Suarez Minguez is…
Read moreA third (33%) of consumers say they do not regularly save any money, according to new research by Lloyds Bank. Part of Lloyds Bank’s ‘How Britain Lives’ study, the UK-wide analysis conducted in partnership with YouGov, also found that 7% of UK adults have no savings whatsoever to fall back on if they lost their…
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Zopa has announced it has launched ‘Borrowing Power’ a new tool designed to help customers get access to cheaper credit. It represents the first time a lender has been transparent about what factors it looks at when deciding who to lend to. Zopa calculated that a customer taking out a new loan with Zopa could…
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New legislation is being proposed by the government to create a new class of special administration to allow failed insolvent airlines to be able to fly passengers home. Under the existing system, when an airline folds its planes are grounded, leaving passengers at risk of being stranded The government believes enabling the CAA to use…
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AI-powered B2B customer platform specialists has announced that revenue is up 16% in the first nine months of the year, At the end of the first nine months of fiscal year 2019, the figures who that Sidetrade figures continues to show double-digit growth (+16% against last year) with revenue of €19m. Let us recall that…
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The number of first-time buyers in August reached the highest level since just before the financial crisis, according to the latest mortgage trends data by UK Finance, with 35,010 mortgage completions for new buyers – an increase of 0.7% on August last year. During the month there were 18,640 new remortgages with additional borrowing, down…
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Ofgem has announced that Rutherford Energy Supply (trading as Uttily Energy), an energy supplier with around 280 business customers has ceased to trade. Under Ofgem’s safety net, the energy supply of Rutherford Energy’s customers will continue. Ofgem will choose a new supplier to take on all of Rutherford Energy’s customers. This supplier will contact these…
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