Credit, Collections & Insolvency News
The Financial Conduct Authority (FCA) says seven out of ten overdraft users will be better off or see no change when the new rules on overdrafts come into force in April. The says around 14 million people use an unarranged overdraft each year, and all of these users will be better off or see no…
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Fraud prevention service, Cifas has appointed Nick Downing as Chief Intelligence Officer. Downing’s previous role was Assistant Chief Constable of Kent & Essex, where he oversaw serious, organised, economic and cybercrime, as well as being the national policing lead for financial investigation and proceeds of crime. Prior to this, Nick worked for the Metropolitan Police…
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Business debt recovery law firm Lupton Fawcett has appointed Robert Barnard to its business recovery and insolvency department as Client Services Principal. Barnard has more than 20 years’ litigation and business recovery experience. He has previously acted for leading financial institutions including Yorkshire Bank and Skipton Building Society, covering all aspects of the credit process…
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A new research report from StepChange Debt Charity, ‘Problem debt and the social security system’ has indicated that the Government should take steps to reform the design flaws within the system that are causing people to experience destitution. The research findings reveal that half (52%) of the charity’s clients who are in receipt of support…
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