Credit, Collections & Insolvency News
New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes increased by 14% in November 2019 Commenting on the November 2019 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said “The…
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New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) in November 2019 was at a similar level to the same month in 2018, but grew by 6% in the eleven months to November 2019. The IT equipment finance sector reported a second…
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The Money and Pensions Service (MaPS) has announced the appointment of Caroline Siarkiewicz as Chief Executive Officer (CEO). Siarkiewicz has been acting CEO since June 2019, during which time the organisation has developed and published its UK Strategy for Financial Wellbeing. Siarkiewicz takes up the helm of MaPS at an exciting time for the organisation…
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Independent Energy supplier, OVO Energy has announced three new appointments to strengthen its retail leadership team. Bill Castell will be joining as Chief Financial Officer (CFO), Charlotte Eaton has been appointed as Chief People Officer (CPO) and Raman Bhatia joins as Chief Operating Officer (COO). Castell will be joining as CFO of OVO Energy and…
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Online short term loan lender, Uncle Buck Finance has announced that it will implement TriLine’s fully integrated GRC & SMCR software solution. Following evaluation of several solution vendors, Uncle Buck Finance LLP selected TriLine GRC to provide a fully integrated GRC and SMCR solution to support the business. The TriLine GRC solution will provide Uncle…
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There was a 20 percent drop year-on-year, in the number of County Court Judgments (CCJs) registered against businesses in England & Wales in Q4 2019, according to the latest figures released by Registry Trust. The total number of judgments against all businesses decreased from 29,303 in Q4 2018 to 23,418 in Q4 2019, and was accompanied…
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Peer to Peer business lender Funding Circle has announced that Oliver White has been appointed as its new Chief Financial Officer. White will replace Sean Glithero who has informed the board of his intention to step down from his role. White will join from Vanquis Bank where he is currently Chief Financial Officer. White was…
Read moreSpecialist SME lender, Shawbrook Bank, has announced that it has appointed its first Head of Fintech Strategy and Commercialisation. Stuart Doignie joins Shawbrook’s Business Finance Division. Doignie has held several senior roles within the fintech space and his appointment signals Shawbrook’s intent to adopt new technologies as it looks to evolve its specialist SME lending…
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A record number of County Court Judgments (CCJs) were issued last year against consumers who fell into debt, double the level of eight years ago according to new figures released by the Registry Trust. The number CCJs issued against consumers in England and Wales increased slightly in Q4 2019 compared to the same period last…
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The Financial Conduct Authority (FCA) has requested further information about overdraft pricing from lenders. The FCA says over the past few days there has been significant comment about many headline overdraft rates, and in particular that major banks have aligned overdraft rates around 40 per cent. The FCA study into the overdraft market concluded that it…
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The 2020 Credit & Collections Technology Awards have now opened for entries. Launched in 2017, the fourth annual awards seek to recognise excellence in credit and collections technology. The Credit & Collection Technology Awards powered by Credit Connect are judged by independently selected judges from across the industry, who have the enviable task of identifying the best…
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