Credit, Collections & Insolvency News
The Money Advice Trust, has welcomed the Chancellor’s announcement of the new Job Support Scheme, extended Self-employment Income Support scheme, and additional support for small businesses impacted by Covid-19. Joanna Elson OBE, Chief Executive of the Money Advice Trust, said “The Chancellor’s Job Support Scheme is another bold move to support people whose incomes have…
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KBC Bank Ireland has been reprimanded and fined €18,314,000 by the Central Bank of Ireland for regulatory breaches affecting tracker mortgage customer accounts. The Irish regulator has imposed a fine at the highest end of its sanctioning powers, reflecting the gravity with which the Central Bank views KBC’s failures. The impact of KBC’s failings on…
Read moreThe ICAEW has called for the government to reduce the business rates multiplier, in its response to the first stage of HM Treasury’s review of business rates. The ICAEW says that the Government must act swiftly to help struggling companies by reducing business rates after the holiday in some sectors. ICAEW’s call followed the end…
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Exizent, a Glasgow-based technology firm, has raised significant funding with the launch of new business which aims to transform the way the legal and financial services industry deals with bereavement. The company says that in an era of digitised services, with more transparent and open access to information, Exizent is building the first-ever platform that…
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The Aryza Group has launched ‘Aryza Recover’ a new digital solution designed to automate the management of payment plans and collection strategies. The company says that in a COVID-19 environment when businesses are managing customer payment breaks with limited resources, and consumers may be struggling and falling into arrears, Aryza Recover allows consumers to review…
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The Financial Conduct Authority (FCA) has launched a consultation on its approach to the authorisation and supervision of international firms operating in the UK. The consultation is relevant to European Economic Area (EEA) firms that intend to seek authorisation in the UK in the future, including those entering the Temporary Permissions Regime, as well as…
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