Credit, Collections & Insolvency News
Business advisory firm Quantuma has announced the appointment of Louise Durkan as Partner in its Bristol office, as the company continues to grow its practice in the South West. Durkin joins from Deloitte, where she spent more than 10 years in the firm’s financial advisory practice. In total, Durkin has more than 20 years’ experience…
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SME lender Simply has made a raft of new year promotions. The company has announced that it has made five senior promotions in recognition of the hard work and the important role they play in the growth of the business. John Wiles is promoted from Sales Director to Managing Director. Other promotions see Chris Etherington…
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The Information Commissioner’s Office (ICO) has fined DSG Retail £500,000 after a ‘point of sale’ computer system was compromised as a result of a cyber-attack, affecting at least 14 million people. An ICO investigation found that an attacker installed malware on 5,390 tills at DSG’s Currys PC World and Dixons Travel stores between July 2017…
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The Fifth EU Money Laundering Directive (5MLD) is due to be transposed into domestic law today The Directive also specifically endorses the use of electronic ID verification, and states that it should be used wherever available. The new directive places an increased importance on the acceptable use of electronic verification methods in confirming identity, without…
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Unsecured debt hit a new peak of £14,540 per household in 2019 according to TUC analysis. Meaning that the average household debt is now 31% above its peak before the financial crisis. The analysis shows that unsecured debt per household rose to £14,540 in the third quarter of 2019, which is up £430 on a…
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